
HOW FED SOLVES THE MOMO CROWD DILEMMA WILL DETERMINE THE STOCK MARKET DIRECTION IN THE SHORT TERM
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Fed’s Dilemma Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows that QQQ is up against the lower band of the resistance zone. The chart shows that this rally has not been on high volume. This is a negative. The chart shows RSI divergence. In plain English, this means that as price has risen, RSI has declined. This is a negative. FOMC is meeting starting tomorrow. FOMC will announce its decision at 2pm ET on Wednesday, followed