U.S. indices look be heading red in the first session post Christmas, with the Santa Claus rally expected to deliver gains. The QQQ’s, representing the Nasdaq 100 is 0.22% down in the pre-market, whilst the SPY is 0.26% in the red, and the IWM (Russell 2000) is currently 0.23% off the Christmas Eve close.
In the digital asset space, Bitcoin found plenty of resistance at the $100,000 level, currently down 3.70% at 95,685.
With a full day of trading ahead, volume in the early hours of pre-market can bring about patterns that do not necessarily hold through the regular session. As each of the major indices held significant gains through Christmas Eve, we could be in for an illuminating session ahead.
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