May 29, 2026

By Nigam Arora

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

Stock Market Manias

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 zone 1 (support).  There is a fair probability of the stock market pulling into zone 1 over the next two months. The upcoming SpaceX (SPCX) IPO is so massive that its post IPO behavior will have a major impact on when and how a pullback occurs in the broader stock market.  The reason is the rules are being changed for early inclusion of SPCX in the indexes.