TAKAICHI FOLLY AND TRUMP AMBITION TRIGGER STOCK MARKET SELL OFF, CHAGOS ISLANDS ‘STUPIDITY’
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.
January 20, 2026