October 2, 2026

By Nigam Arora

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

Jobs Report Shocker

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 rising this morning.  There are two reasons behind the rise:
  • Jobs report
  • Proposal for the E.U. to release oil and diesel
• The chart shows the stock market is approaching the low band of zone 1 (resistance).
• RSI on the chart shows the stock market has room to run.
• The chart shows that it will not take much for the stock market to slice through the resistance and make a new high.