BETTER INFLATION DATA FROM EUROPE AND U.S. BRINGING BUYERS INTO OVERSOLD STOCK MARKET
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Better Inflation Data
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 the stock market has bounced from the bottom band of the top support zone.
- The chart shows the stock market is at the top band of the top support zone.
- RSI on the chart shows the stock market is oversold. As we have been sharing with you, oversold markets tend to bounce.
September 29, 2023