
POWER OF OVERSOLD BOUNCE OVERCOMES ANOTHER WEAK TREASURY AUCTION
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Weak Treasury Auction 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 consolidating around the support zone. RSI on the chart shows that the stock market has moved out of the oversold zone. The price action in the stock market today will depend on the battle between smart money and the momo crowd. The momo crowd is buying on the