Why the 'Santa Rally' Stalled: Inside the 6910 Gamma Wall

The market closed as a choppy mess with the S&P 500 finishing flat and the Nasdaq slipping. Today’s low-conviction tape was driven by institutional profit-taking and holiday-thinned liquidity as traders square their books for 2025.📊 THE SCOREBOARD📈 Utilities: Leading as investors rotate into defensive yield.📉 Technology: The primary laggard amid aggressive year-end selling.📉 Silver (XAG): Plunged 13% after a massive social media bull trap.📉 ABTC: A 50% reversal from its debut highs on retail exhaustion.🔔 THE LOOK AHEADTomorrow is the penultimate trading day of the year. Watch the 6,910 Gamma Wall on the SPX; if we don't break through in the first 90 minutes, expect a drift lower toward 6,860 as volume remains thin.