STOCK MARKET PAUSES AFTER BOND SHORT SQUEEZE TRIGGERED EPIC RALLY, APPLE RECOVERS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
The Next Trigger
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 now moved above the top support zone.
- The chart shows that the move down below the top support zone in late October has temporarily proven to be a bear trap.
- RSI on the chart shows that the stock market is overbought. Overbought markets tend to be vulnerable to the downside.
November 7, 2023