WALL STREET POSITIONED POSITIVE IN THE STOCK MARKET – NVIDIA GTC, FOMC, AND OPEX ADD CROSS CURRENTS
By Nigam Arora
To gain an edge, this is what you need to know today.
Positive Positioning
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 is rallying this morning.
- RSI on the chart shows that the stock market had previously become oversold. Now, the chart shows RSI is rising, and the stock market is no longer oversold.
- The chart shows the major support zone (zone 1). This support zone will come into the picture if the Iran war continues longer or oil infrastructure is damaged.
March 16, 2026