Market $SPX trying to avoid undercutting the December Low Indicator. If S&P closes below the December low price (6.721) in the following Q1 period of New Year, positivity rate for remaining 3Qs drops⬇️ to under 50%, and avg/median returns are negative for the full year.
Investor takeaway: can inform of a shift in fund flows for New Year. Occurred last year also!
$SPY $ES_F $DIA $QQQ $IWM $AAPL $SMH $VIX
via @RyanDetrick