Since 1950, the S&P 500 has averaged a gain of +1.3% over the 7 trading days after Christmas! During this period, there have been 13 instances of decline 📉. Let's see if this historical pattern holds true again this year. Especially since there has already been a significant adjustment in the market before Christmas this year, the leverage has been mostly eliminated, the sentiment in the cryptocurrency market has reached a freezing point, and the Fear and Greed Index for U.S. stocks has also dropped to an extreme fear state. The worst is over, and it can easily bring about a small wave of market activity.

The key is the two trading days after New Year's Day, let's see if it can break through the heavy resistance above and stabilize; if it stabilizes, a new wave of market activity will follow. If the momentum isn't that strong and it can't stabilize, it is likely that we will need to adjust again to find new support.