BETTER THAN EXPECTED INFLATION DATA, BULLISH MICRON PROJECTIONS BRING BUYING IN AI TRADE
By Nigam Arora
To gain an edge, this is what you need to know today.
Better Than Expected Inflation Data
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 that the stock market is moving up on better than expected inflation data and Micron (MU) projections.
- The chart shows that the stock market is in between zone 1 (support) and the magnet.
- RSI on the chart shows that the stock market is coming out of the oversold zone and thus has significant room to run to the upside.
December 18, 2025