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ChatGPT On Apple IPhone, Make Or Break Data For Stock Market Ahead

Benzinga ·  May 13 11:22

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

Make Or Break Data Ahead

Please click here for an enlarged chart ofInvesco QQQ Trust Series 1(NASDAQ:QQQ).

Note the following:

  • The chart shows QQQ is in the resistance zone.
  • The chart shows that the rally is on low volume, indicating a lack of conviction.
  • The chart shows that RSI has jumped and is now overbought. RSI indicates that the stock market is now vulnerable to the downside if the macro data goes against the market.
  • The chart shows Arora calls to raise hedges near the top...
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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