September 29, 2023

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.
Please click here or the title below to read more.
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