
NICE PROFITS ON TACTICAL POSITIONS – SANTA CLAUS RALLY IN FULL SWING BUT SENTIMENT EXTREMELY POSITIVE
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Nice Profits On Tactical Positions 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 market is in the resistance zone. RSI on the chart shows that the market is neither overbought nor oversold. The chart shows the Santa Claus rally is in full swing. Sentiment is extremely positive. Prudent investors should take note, this is a contrary indicator. We previously wrote: As we have been sharing with you,