A RARE DATA DAY AHEAD — STOCK MARKET HAS THE POTENTIAL TO FLY OR FALL
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
CPI And FOMC Ahead
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- The direction of bonds tomorrow will likely determine the direction of the stock market.
- The chart shows TLT is below the low band of the resistance zone.
- The chart shows that going into important data, volume has stayed low, indicating lack of conviction.
- Volume in S&P 500 has also stayed low, indicating lack of conviction ahead of the data.
- If bonds approach the mini support zone, then stocks will fall.
June 11, 2024