May 3, 2022

By Nigam Arora & Dr. Natasha Arora

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

High Volume 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 Afternoon Capsule, we wrote in bold letters,

A rally may ensue right here as most of the blind money is invested prior to the close.   

• The foregoing call has proven spot on.  DJIA closed up 775 points with much of the rally occurring in the last hour.
• The chart shows a reversal.
• The chart shows the reversal was on higher volume.