
RECORD BLACK FRIDAY SPLURGE BUT DATA FROM CHINA TEMPERS STOCK MARKET BULLISHNESS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Record Black Friday
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 is levitating right under the mini resistance zone.
- If the stock market breaks above the mini resistance zone, the next target is the resistance zone shown on the chart.
- The consensus among permabulls is that in December the stock market will rocket to the resistance zone shown on the chart.