
On January 13, 2025, the S&P 500 Index (SPX) and the SPDR S&P 500 ETF Trust (SPY) experienced notable market movements, particularly around the election gap. The SPX filled the election gap at 5,782, prompting discussions among traders about potential bullish trends. As the day progressed, the SPX turned green, indicating a positive shift in market sentiment. Various traders noted the importance of the gap fill zone, with SPY reaching a low of 574.81 before bouncing back slightly. The market's performance was characterized by cautious optimism, with traders monitoring key support levels and resistance points. The session concluded with the SPX closing above the 100-day moving average, suggesting a potential start for bullish activity, although uncertainty remained about the sustainability of this upward movement.







