S&P 500 Index: Early December Chart Analysis

December is traditionally a favourable month for the S&P 500 (US SPX 500 mini on FXOpen):
→ Since the 1950s, December has ended higher in over 70% of years.
→ Average monthly gain is around +1.0%.

Will the index rise in 2025? Much depends on the Federal Reserve meeting on 10 December, as well as other factors, including geopolitical developments. Interest is also piqued by an upcoming statement from Trump at the White House (today, 22:00 GMT+3), though the topic remains undisclosed.

Technical Analysis of the S&P 500 Chart

Demand-side perspective:
→ The rebound from November’s low was aggressive, rising roughly +5% in 10 days.
→ Price climbed above the blue trendline that has acted as support since summer.
→ The recent dip (marked by the red trajectory) could be a temporary correction, forming a Bull Flag pattern.

Supply-side perspective:
→ The red trajectory has not yet been breached.
→ Recent price movements show a strong bearish Head and Shoulders pattern, along with signs of a Quasimodo formation, emerging around the attempt to break the upper boundary.

In the short term, the former resistance at 6785 may now act as support. Overall, the S&P 500 (US SPX 500 mini on FXOpen) is likely to adopt a wait-and-see stance, adjusting as economic news, delayed by the government shutdown, is released.

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