Prior Trading Day Summary
On Fri Dec 26 2025 stocks stocks slipped slightly on lower volume.
The S&P fell 2 points to 6929 on 2.6 billion shares traded. For the week the S&P was up 95 points.
The NASDAQ fell 20 points to close at 23,593. Volume was low at 5.3 billion shares traded. For the week the NASDAQ was up 285 points.
Let’s review the closing technical indicators from Fri Dec 26 2025 to see what to expect for Mon Dec 29 2025.
Stock Market Outlook: SPX Closing Chart For Fri Dec 26 2025.
The index closed at the Upper Bollinger Band andt above all the major moving averages. This is bullish.
The closing candlestick is bullish for Monday with a good chance of a morning dip.
The 21 day moving average is rising and closed at 6846. This is bullish.
The 50 day moving average is rising and closed at 6790 which is bullish.
The 100 day moving average is rising and closed at 6643 which is bullish.
The 200 day moving average is rising and closed at 6397 which is bullish.
The Lower Bollinger Band is rising, well above the 100 day moving average. This is bullish. The Upper Bollinger Band is rising which is bullish. A Bollinger Bands Squeeze is underway. The initial outlook appears for the index to move higher.
The SPX chart is more bullish for Mon Dec 29 2025 than bearish but a morning dip is possible.
SPX Stock Market Outlook review of Fri Dec 26 2025
Stock Market Outlook: Technical Indicators Review
Momentum: Momentum is falling and positive. This is bullish.
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MACD Histogram: MACD (Moving Averages Convergence / Divergence) issued an up signal on Tue Dec 23 2025. The up signal was stronger on Fri Dec 26.
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Ultimate Oscillator: The Ultimate Oscillator is rising and overbought.
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Slow Stochastic: The Slow Stochastic has an up signal in place and is overbought.
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Relative Strength Index: The RSI signal is falling and is overbought.
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| Rate of Change: The rate of change is falling and signaling a possible lower close on Monday. Settings: Rate Of Change is set for a 21 period. This indicator looks back 21 days and compares price action from the past to the present. With the Rate Of Change, prices are rising when signals are positive. Conversely, prices are falling when signals are negative. As an advance rises, the Rate Of Change signal should also rise higher, otherwise the rally is suspect. A decline should see the Rate Of Change fall into negative signals. The more negative the signals the stronger the decline. |
Stock Market Outlook: Support and Resistance Levels |
| 6950 is resistance |
| 6925 is resistance |
| 6900 is resistance |
| 6875 is resistance |
| 6850 is resistance |
| 6800 is resistance |
| 6775 is resistance |
| 6750 is resistance |
| 6715 is resistance |
| 6700 is resistance |
| 6675 is support |
| 6650 is support |
| 6625 is support |
| 6600 is support |
| 6590 is support |
| 6570 is support |
| 6550 is support |
| 6500 is support |
Stock Market Outlook for Mon Dec 29 2025
For Mon Dec 29 2025 lower volume similar to Friday Dec 26 is likely. This means some weakness at the start of the day is likely by the close is expected to be higher.
A number of the technical indicators have changed from rising to falling, but the moves lower are small and are caused more by low volume over the past two trading days, than any change in trend.
The Santa Claus Rally is underway.
Potential Economic and Political Market Moving Events
Monday:
10:00 Pending Home Sales