June 15, 2022

By Nigam Arora & Dr. Natasha Arora

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

Fed Day

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 stock market is at a critical junction.
• The chart shows that yesterday the stock market fell below the low band of the support zone.
• The chart shows that this morning bulls are trying to rally the stock market ahead of the Fed meeting.
  • This is all momo crowd buying in the early trade.