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2025 Pre-Wrap Up

As we sit here in the early hours of this Tuesday before the New Year. I thought I’ld put up a chart I’ve been continually annotating over the year. It is of the S&P 500 via the E-mini™ as of around 9:00am ET, before the cash markets open. To wit:

(Charting Source)

The reason why I post it today is for those who’ve been following along over these last few months. What I pointed out prior was the observation of just how technically mechanical they’ve been performing. So much so, I pointed out that on the smaller time frames versus the longer the pattern has been near identical. You can see for yourself as I used the “One, Two, Three” notes to compare to the “1,2,3” on the smaller, using a blue channel for each set.

Now comes the “wait and see” part, which is…

Does this latest new all time high hold or, does it fail? For if that is to happen, this time, the Fed’s rescue is already baked in – there would not be any shock value to lurch it higher as it was able to into year end. Yet, more importantly: How would one interpret a failure rather than just another dip? That is the question for 2026. Here’s my first signal or, trip point, for those that want to know…

A sudden move towards, then under 6500 would be the first clue.

As always, we shall see.

© 2025 Mark St. Cyr

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