November 8, 2023

By Nigam Arora & Dr. Natasha Arora

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

Know The Reason Behind The Indicators

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 a bullish pattern that has not been seen since March 2003.
• The chart shows the 100 day low.
• The chart shows seven consecutive days up.  The bullish pattern is seven consecutive up days after a 100 day low.
• March 2003 marked the end of a bear market.  History does not exactly repeat itself, but it is worth paying attention to.