The Arora Report

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August 12, 2024

PAY ATTENTION TO CHANGE IN STOCK MARKET REACTION – HEAVY MOMO LOSSES – HOPIUM FOR A RALLY

By Nigam Arora & Dr. Natasha Arora

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

Change In Market Reaction

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 the stock market has moved above the top band of the support zone.
  • RSI on the chart shows the stock market is poised for a rally.
  • Even though technically the stock market is poised for a rally, in The Arora Report analysis, the determining factor will be the economic data and earnings that are ahead. 
… Please click here or the title below to read more.
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