MOMO CROWD BUYS STOCKS BELIEVING IRAN IS A PAPER TIGER, RUSSIA TALKS NUCLEAR WARHEADS FOR IRAN
By Nigam Arora & Dr. Natasha 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.
June 23, 2025