PAY ATTENTION: SENTIMENT TURNS EXTREMELY BULLISH AND THAT IS NOT POSITIVE, $5 TRILLION OF QUAD WITCH
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Extremely Positive
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 reached the low band of the top resistance zone.
- RSI on the chart shows that as overbought as the stock market is, there is room for the stock market to run higher.
- The stock market always has a lot of crosscurrents. A new negative crosscurrent has developed. Sentiment has very quickly become extremely positive.
December 15, 2023