August 22, 2022

By Nigam Arora & Dr. Natasha Arora

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

Jackson Hole

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 entered the resistance zone and now has pulled back below the resistance zone.
• RSI on the chart shows that the market is losing short term upside momentum.
• The chart shows that volume has remained low during the rally.
• The world’s central banks are gathering at the Jackson Hole symposium.
  • Investors are focused on Jackson Hole with a laser focus on Fed Chair Powell.