MOMO CROWD BUYS STOCKS BELIEVING IRAN IS A PAPER TIGER, RUSSIA TALKS NUCLEAR WARHEADS FOR IRAN
By Nigam Arora
To gain an edge, this is what you need to know today.
Momo Crowd Buys Shallow Dip
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 reaction to the U.S. bombing Iran is muted.
- RSI on the chart shows the stock market is neither overbought nor oversold and can go in either direction.
- On Sunday evening when stock futures opened, they opened lower about 1%. The momo crowd immediately bounced to buy the shallow dip. The momo crowd has continued to buy stocks as of this writing.
June 23, 2025