FORGET AN IMMACULATE LANDING, MOMO MOVING ON TO NO LANDING AND S&P 500 ROCKETING TO 6000
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
No Landing
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 has again moved above the upper band of the support/resistance zone.
- We previously wrote,
… Please click here or the title below to read more.Even though bulls are disappointed that the market has not continued to go straight up and bears are taking comfort from this pullback, the fact is that such pull backs are often common in a strong bull run.
February 8, 2023