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Why the 'Santa Rally' Stalled: Inside the 6910 Gamma Wall
Season 2
Episode 57
Published 6 months, 1 week ago
Description
The market closed as a choppy mess with the S&P 500 finishing flat and the Nasdaq slipping. Today’s low-conviction tape was driven by institutional profit-taking and holiday-thinned liquidity as traders square their books for 2025.
📊 THE SCOREBOARD
📈 Utilities: Leading as investors rotate into defensive yield.
📉 Technology: The primary laggard amid aggressive year-end selling.
📉 Silver (XAG): Plunged 13% after a massive social media bull trap.
📉 ABTC: A 50% reversal from its debut highs on retail exhaustion.
🔔 THE LOOK AHEAD
Tomorrow is the penultimate trading day of the year. Watch the 6,910 Gamma Wall on the SPX; if we don't break through in the first 90 minutes, expect a drift lower toward 6,860 as volume remains thin.