
OVERBOUGHT STOCK MARKET REACTS TO UBER BULLISHNESS, IMPORTANT CHINA MOVE, AND SHOCK FROM GERMANY
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Reaction Of Overbought Market
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 was near the low band of support zone 3.
- The chart shows Arora buy signals near the April lows.
- The chart shows the stock market ran up to the top band of resistance zone 2.
- The chart shows the Arora signal to take partial profits.
- The chart shows that the stock market has pulled back from the top band of resistance zone 2 as of this writing in the premarket.