January 20, 2026

By Nigam Arora

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

Crosscurrents

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 almost reaching the magnet.
• The chart shows the stock market is pulling back aggressively in the early trade today.
• The chart shows that major support zone 1 is far away.  Concern is building that the stock market could quickly reach zone 1, depending upon how geopolitical events unfold.
• RSI on the chart has quickly dropped almost to the top band of the oversold zone.