January 4, 2024

By Nigam Arora & Dr. Natasha Arora

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

New Data

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 consolidating right around the low band of the resistance zone.
• The chart shows the Arora signal to take profits on tactical positions.
• Consider continuing to take profits on tactical positions by scaling out.  New members, see Trade Management Guidelines to learn how to scale out.

• The chart shows that Arora buy signals from early November have been highly profitable.