STOCK MARKET WHIPSAWED ON TRUMP STATEMENTS, SPACEX EUPHORIA, ECB RATE HIKE, HOTTER PPI BUT PRIOR REVISED
By Nigam Arora
To gain an edge, this is what you need to know today.
Whipsawed Stock Market
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 in zone 1 (support).
- RSI on the chart shows the stock market is oversold. Oversold markets tend to bounce.
- If the stock market breaks below zone 1, zone 2 shown on the chart will be the next target.
- Earlier this morning, there was aggressive buying in stocks on President Trump’s claim that top officials from Iran called him directly and begged for an end to the strikes.
June 11, 2026