December 22, 2021

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Island Reversal

Please click here for a chart of  S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• In yesterday’s Morning Capsule we shared with you, based on the premarket data, that an island reversal was potentially forming.
• The chart shows that an island reversal has actually occurred.
• The chart shows that island reversal led the market higher than where it was when Omicron news first broke.
  • Omicron has done a lot of damage.