January 2, 2025

By Nigam Arora & Dr. Natasha Arora

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

New Year Mantra

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:

• On the first day of trading in 2025, the chart shows that the stock market has pulled back close to the breakout line.
• The chart shows the micro resistance zone and the support zone.
• RSI on the chart shows that the stock market is neither overbought nor oversold.  It is poised to go either way.