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Will December Bring A ‘Santa Claus Rally’ For The SPY? Here’s What The Chart Says

The SPDR S&P 500 (NYSE: SPY) was in need of a pullback after a massive 11% rally between Oct. 4 and Nov. 22 brought the ETF to a new all-time high of $473.54. The decline began to take place as mostly sideways consolidation on Nov. 23 and Nov. 24, but on Nov.