November 27, 2023

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.
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