Stocktwits Chart Art: December 18, 2024
STOCKTWITS CHART ART: DECEMBER 18, 2024
The Stocktwits Summary 📝
Equity markets opened higher but reversed sharply after the Federal Reserve cut interest rates by 25 basis points and signaled a more cautious outlook for future reductions, projecting just two cuts in 2025. The S&P 500 dropped 2.95%, its steepest post-FOMC decline since March 2020, as the Fed’s updated projections pointed to a slower pace of monetary easing alongside upward revisions to growth and inflation expectations.
Here’s how the major indices ended the day:
|
Index |
ST Sentiment Score |
ST Message Volume |
|---|---|---|
|
$SPY (-2.97%) |
Bearish (40) |
High (76) |
|
$QQQ (-3.59%) |
Bearish (34) |
High (67) |
|
$IWM (-4.40%) |
Bullish (72) |
High (82) |
|
$DIA (-2.62%) |
Bearish (17) |
High (83) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Celsius Tests Long-Term Support 🛑
Despite the late-day market sell-off triggered by FOMC, Celsius has found a higher time frame level that it might just hang onto.
Stocktwits user @TheProphetOfProfit points out the 5-year uptrend support level that the stock has recently approached, following a steep 50% decline year-to-date.
Tesla Forms Potential Head And Shoulders Top 🧐
Uber Fights To Reclaim Key Uptrend 📈
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Coinbase Eyes 50-Day Moving Average 🪙
Skyworks Hits Resistance After Hard Bounce 🚧
Russell 2000 Consolidates Above Breakout Zone 📊
TD Synnex Showing Signs Of A Big Breakout⏳
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