POWELL HOLDS THE LINE BUT REPUBLICANS WILL TRY TO TRIP HIM
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
The headline of the Morning Capsule on Monday said, ‘OVERSOLD BOUNCE’. That call from The Arora Report was proven spot on as the stock market went on to rally over 500 DJIA points.
Please click here to see the chart that was included with the call. The analysis with the call brought attention to oversold RSI.
What is next? It comes down to Powell’s testimony.
Powell Testimony
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- The chart shows that QQQ has moved above the breakout line.
June 22, 2021