
YELLEN DECLARES VICTORY – STOCK MARKET CHEERS, KEY WEEK FOR BITCOIN
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Premature Victory 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 below the resistance zone but above the mini support zone. RSI on the chart shows that the stock market is oversold in the very short term. Oversold markets tend to bounce. Consider not paying attention to Dow Jones Industrial Average (DJIA) as represented by ETF DIA (DIA) and instead focusing