December 30, 2024

By Nigam Arora & Dr. Natasha Arora

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

Front Running

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 previously ran to the low band of the micro resistance zone.  The momo crowd was buying on hopium that the stock market would slice through the micro resistance zone.  
• The chart shows that the stock market reversed and is now approaching the breakout line.
• The chart shows a potential micro head and shoulders pattern forming.