June 28, 2024

HUGE POST DEBATE UNCERTAINTY FOR INVESTORS, NEW DATA ON FED’S FAVORITE INFLATION GAUGE AND PERSONAL SPENDING

By Nigam Arora & Dr. Natasha Arora

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

PCE

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 attempting to break to a new high.
  • RSI on the chart shows that there is a technical set up for the stock market to go higher.
  • The chart shows that the stock market is significantly above the support zone.  This indicates that buying here does not have a favorable risk reward ratio.
Please click here or the title below to read more.
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