
FED CREDIBILITY AT STAKE – WALL STREET POSITIONED FOR 50 BPS CUT AND HIGHLY DOVISH COMMENTS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Fed Credibility At Stake 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 the stock market is near the resistance zone. The chart shows that the rally has been on low volume. This indicates a lack of conviction. The chart shows that RSI has just entered the overbought zone. This indicates that the stock market can go either way. The chart shows that if