January 5, 2024

By Nigam Arora & Dr. Natasha Arora

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

Mother Of All Reports

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 pulled back below the bottom band of the resistance zone.
• The chart shows that the stock market is still hanging above the mini support zone.
• RSI on the chart shows that the stock market is oversold.  Oversold markets tend to bounce.

• The consensus in the stock market has been immaculate everything –  the landing, the Fed, interest rates, earnings, adoption of AI, Russia, China, and the Middle East.