November 1, 2024

By Nigam Arora & Dr. Natasha Arora

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

Shocking Jobs Report

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 SPY touched the top band of the support zone.
• The chart shows that SPY is bouncing upwards from the top band of the support zone on the jobs report.
• RSI on the chart shows that the stock market has relieved the overbought condition and is now able to go higher if the market likes the results of the election.