{"id":22503,"date":"2025-12-23T13:39:15","date_gmt":"2025-12-23T21:39:15","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22503"},"modified":"2025-12-23T13:39:15","modified_gmt":"2025-12-23T21:39:15","slug":"christmas","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/christmas\/","title":{"rendered":"Christmas S&P 500 Trends, Santa Claus Rally Basics, July – Nov Bean Spread, Christmas Trading Schedule, Levels, Reports; Your 5 Important Can’t-Miss Need-To-Knows for Trading Futures on December 24th, 2025"},"content":{"rendered":"\n\n\n
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The Metals are on fire! Are the equities as we close out 2025??<\/h1>\n

By John Thorpe, Senior Broker<\/em><\/h3>\n

At-a-Glance Levels<\/h1>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Feb(#GC)<\/td>\n

4429.60<\/td>\n4474.60<\/td>\n4502.70<\/td>\n4547.70<\/td>\n4575.80<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 Mar. (#SI)<\/td>\n

67.64<\/td>\n69.63<\/td>\n70.71<\/td>\n72.70<\/td>\n73.78<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 Jan (#CL)<\/td>\n

57.47<\/td>\n57.98<\/td>\n58.24<\/td>\n58.75<\/td>\n59.01<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Mar. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Mar (#ZB)<\/td>\n

114 12\/32<\/td>\n114 27\/32<\/td>\n115 8\/32<\/td>\n115 23\/32<\/td>\n116 4\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\u00a0Historically the S&P 500 tends to drift\u00a0higher\u00a0between Christmas and New Year\u2019s, but the edge is modest and far from guaranteed in any single year.\u200b<\/em><\/h3>\n

\"christmas\"<\/p>\n

Santa Claus rally basics<\/h2>\n
    \n
  • The classic \u201cSanta Claus rally\u201d window is the last five trading days of December and the first two trading days of January.\u200b<\/li>\n
  • Since 1950, the S&P 500 has averaged about a 1.3% gain over these seven sessions and has been positive roughly 75\u201380% of the time, meaning up years are more common than down years.\u200b<\/li>\n<\/ul>\n

    Behavior in the Christmas\u2013New Year gap<\/h2>\n
      \n
    • Within that seven\u2011day window, returns are often front\u2011loaded: strength tends to cluster from just before Christmas through the first couple of days of January, with lower volume and smaller ranges in the very last week of the year.\u200b<\/li>\n
    • The week after Christmas typically shows lighter institutional participation and more sideways or gently rising trade, so the \u201cedge\u201d is there but not dramatically stronger than the full seven\u2011day average.\u200b<\/li>\n<\/ul>\n

      How reliable is it?<\/h2>\n
        \n
      • Across decades, the pattern is statistically positive on average, but variability is high and individual years can diverge sharply; for example, 2024\u201325 saw a \u201creverse\u201d Santa Claus period where the S&P 500 sold off every business day between Christmas and New Year\u2019s, an historical first.\u200b<\/li>\n
      • Studies of daily returns around New Year\u2019s show abnormal strength from about five days before through two days after New Year\u2019s Day, followed by a fade, suggesting any edge is short term and easily overwhelmed by macro or event risk.\u200b<\/li>\n<\/ul>\n

        Possible drivers<\/h2>\n
          \n
        • Common explanations include holiday optimism, year\u2011end fund inflows, tax\u2011loss harvesting and repositioning, and fewer large institutional orders which can reduce selling pressure.\u200b<\/li>\n
        • Because these are behavioral and flows\u2011driven effects rather than structural rules, they should be treated as a weak tendency rather than a tradable guarantee.\u200b<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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Christmas (Dec 25) Holiday Trading Schedule:<\/h1>\n

Grains<\/h3>\n

Wednesday \u2013 12:05 PM CT Close<\/p>\n

Thursday – Closed<\/p>\n

Friday – 8:30 AM CT Open<\/p>\n

Livestock<\/h3>\n

Wednesday \u2013 12:15 PM CT Close<\/p>\n

Thursday – Closed<\/p>\n

Friday – 8:30 AM CT Open<\/p>\n

Interest Rates<\/h3>\n

Wednesday \u2013 12:15 PM CT Close<\/p>\n

Thursday \u2013 Closed<\/p>\n

5:00 PM CT Open<\/p>\n

Friday \u2013 Regular Hours<\/p>\n

Equities<\/h3>\n

Wednesday \u2013 12:15 PM CT Close<\/p>\n

Thursday \u2013 Closed<\/p>\n

5:00 PM CT Open<\/p>\n

Friday \u2013 Regular Hours<\/p>\n

Energy<\/h3>\n

Wednesday \u2013 12:45 PM CT Close<\/p>\n

Thursday \u2013 Closed<\/p>\n

5:00 PM CT Open<\/p>\n

Friday \u2013 Regular Hours<\/p>\n

FX<\/h3>\n

Wednesday \u2013 12:45 PM CT Close<\/p>\n

Thursday \u2013 Closed<\/p>\n

5:00 PM CT Open<\/p>\n

Friday \u2013 Regular Hours<\/p>\n

Metals<\/h3>\n

Wednesday \u2013 12:45 PM CT Close<\/p>\n

Thursday \u2013 Closed<\/p>\n

5:00 PM CT Open<\/p>\n

Friday \u2013 Regular Hours<\/p>\n

Cryptocurrencies<\/h3>\n

Wednesday \u2013 12:45 PM CT Close<\/p>\n

Thursday \u2013 Closed<\/p>\n

5:00 PM CT Open<\/p>\n

Friday \u2013 Regular Hours<\/p>\n

Cocoa, Coffee, Cotton, FCOJ, Sugar<\/h3>\n

Thursday – Closed<\/p>\n

Canola<\/h3>\n

Thursday – Closed<\/p>\n

U.S. Dollar Index<\/h3>\n

Thursday \u2013 Closed<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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July – Nov Bean Spread<\/h2>\n

Sometimes referred to as “the widow maker”, the July – Nov soybean spread completed the second downside PriceCount objective to 13.5 and has consolidated with a sideways trade. At this point, IF the chart can resume its break with new sustained lows it first has to contend with the contract lows near 5.0, while the third count would project a potential break to the -5.25 area.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. <\/em><\/p>\n

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. <\/em><\/p>\n

Learn more at\u00a0www.qtchartoftheday.com<\/a><\/em><\/p>\n

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/em><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for Dec. 24th, 2025<\/h2>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Want to feature our updated trading levels on your website?\u00a0Simply paste a small code, and they’ll update automatically every day!\u00a0<\/em><\/h3>\n

Click here for quick and easy instructions<\/a>.<\/em><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Economic Reports<\/p>\n

\u00a0U.S. government data may be impacted by the shutdown. ‘Tentative’ events are subject to delay, revision, or cancellation<\/p>\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Trading Co., Inc.<\/span><\/em><\/p>\n

12100 Wilshire Blvd.<\/span><\/em><\/p>\n

Suite 1640<\/span><\/em><\/p>\n

Los Angeles, CA 90025 US<\/span><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Metals are on fire! Are the equities as we close out 2025?? By John Thorpe, Senior Broker At-a-Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Feb(#GC) 4429.60 4474.60 4502.70 4547.70 4575.80 Silver (SI) \u2014 Mar. (#SI) 67.64 69.63 70.71 72.70 73.78 Crude Oil (CL) \u2014 Jan (#CL) 57.47 57.98 58.24 58.75 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[1914,16,19],"class_list":["post-22503","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-christmas","tag-futures-trading","tag-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=22503"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22503\/revisions"}],"predecessor-version":[{"id":22506,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22503\/revisions\/22506"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}