Premature Victory
The stock market is currently in a consolidation phase, trading below the resistance zone but above the mini support zone. The RSI indicator shows that the market is oversold in the short term, indicating a potential bounce. However, it is important to focus on the S&P 500 (SPY) instead of the Dow Jones Industrial Average (DIA) due to the negative impact of Boeing’s stock (BA) following an incident with an Alaska Air Group (ALK) plane. Treasury Secretary Yellen recently declared victory, but The Arora Report believes she is premature in her assessment. The history of recessions shows that investors are often blindsided and lose money. The Arora Report is preparing a podcast to provide next-level knowledge on this topic for members of the Arora Ambassador Club.
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