
TWO DIFFERENT MARKET MECHANICS DRIVING THE STOCK MARKET IN OPPOSITE DIRECTIONS
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Stock Market Mechanics 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 has pulled back to the top band of the top support/resistance zone. This is a disappointment to the bulls as they were expecting a straight shot up. RSI on the chart shows that the stock market has relieved its overbought condition due to the pullback and now can easily go either