CEASEFIRE HOPIUM KEEPS STOCK MARKET ABOVE SUPPORT ZONE, IMPORTANT INFLATION DATA AHEAD
By Nigam Arora
To gain an edge, this is what you need to know today.
Ceasefire Hopium
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 continues to stay above zone 1 (support).
- RSI on the chart shows the stock market can easily go either way.
- On Sunday night, stock futures initially saw selling due to President Trump’s ultimatum to bomb power plants and bridges in Iran if no deal is reached.
- Asian stock markets opened higher on rumors of a ceasefire and the strength seeped into U.S.
April 6, 2026