February 13, 2023

By Nigam Arora & Dr. Natasha Arora

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

CPI Ahead

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 came down to the low band of the support/resistance zone.
• The chart shows that the stock market is trying to bounce from the low band of the support/resistance as expected.
• The chart shows RSI can go either way.
• Going into the all-important CPI number, bonds have moved closer to the Fed position.