
NEW INFLATION DATA DISMAYS BULLS, COREWEAVE IPO SHOWS COOLING AI FRENZY, LULULEMON SHOWS CAUTIOUS CONSUMER
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Cooling AI Frenzy 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 breakout above the top band of support zone 1 has at least temporarily failed. The chart shows that the market has pulled back into support zone 1. RSI on the chart shows the market has lost its upside momentum. The chart shows that followers of traditional technical analysis have been whipsawed.