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.
August 12, 2024