January 25, 2022

By Nigam Arora & Dr. Natasha Arora

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

War Risk

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:

• The chart shows that the market fell below the support zone and then came back to close near the resistance zone.  This is positive.
• The come back was the biggest come back since 2008.
• The chart shows that volume was very heavy.  This is positive.
• The chart shows that RSI has not turned up.