A Gift From Santa Claus

Today, the S&P500 received a gift from Santa. Ever since Monday, the S&P 500 is in a Santa Claus rally mode and it appears to be heading for the all time high as the futures has alerted those that listen. In this S&P 500 technical analysis, we will analyze the S&P 500, review the stock market sentiments and its internals, and as a Christmas bonus, I will illustrate how to use the volume profile tool to analyze the SPY, QQQ and IWM for potential support & resistance, and price targets.