DISNEY MAGIC LIFTS THE STOCK MARKET – CEO OF THE BIGGEST BANK WARNS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Positive Pattern
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 is a weekly chart to give you a longer term perspective.
- The chart shows an inverse head and shoulders pattern. This is a bullish pattern. In our backtesting at The Arora Report, this pattern works about 70% of the time.
- The chart shows the measured target from this pattern. The measured target is just below the all time high.
February 9, 2023