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U.S. Credit Rating Downgraded – Momo Crowd Aggressively Buys The Dip

Benzinga ·  Aug 2, 2023 11:50

To gain an edge, this is what you need to know today.

U.S. Credit Downgraded

Please click here for a chartSPDR S&P 500 ETF Trust(NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows that the stock market is consolidating in no man's land.
  • The chart shows that the stock market is very stretched way above the 200 day moving average.
  • The RSI pattern shown on the chart indicates that the stock market can go either way.
  • The Arora Report had previously shared with you in advance that Fitch...
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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