On December 12, 2024, market participants awaited the release of the U.S. Producer Price Index (PPI) data, which is a critical indicator for inflation. The S&P 500 index, represented by $SPX, experienced fluctuations, with a reported low of 6060.15. Following the Consumer Price Index (CPI) data, market sentiment appeared optimistic, as the S&P 500 returned to previous highs. The trading session was characterized by volatility, with the E-mini S&P 500 futures (ES_F) showing choppy movements and a bearish bias noted for the reopening phase. As of December 13, traders continued to focus on gap-filling strategies, with the ES_F trading at a low of 6050, indicating ongoing adjustments in response to market conditions.