TRIPLE WITCHING, FALLING OIL, AND FED HOPIUM DRIVE BUYING IN THE STOCK MARKET BUT DOWNSIDE RISKS REMAIN
By Nigam Arora
To gain an edge, this is what you need to know today.
Triple Witching
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 fell below the low band of zone 2 (support) before recovering to close at the low band of zone 2.
- The chart shows that this morning the stock market is jumping and has already reached the upper band of zone 2. The jump this morning is coming for three reasons:
- Triple witching is tomorrow.
September 17, 2026