September 11, 2026

By Nigam Arora

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

88% Probability Of A Rate Hike

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 that yesterday the stock market dipped into zone 1 (support).
• RSI on the chart shows that yesterday the stock market was approaching the oversold level.
• The chart shows that this morning the stock market is bouncing and is now trading above the top band of zone 1 as of this writing.
• Overall, the news is not good this morning, but the stock market is trading higher for the following reasons:
  • Positioning had become overly negative ahead of CPI release.