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Huge Post Debate Uncertainty For Investors, New Data On Fed's Favorite Inflation Gauge And Personal Spending

Benzinga ·  Jun 28 23:08

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

PCE

Please click here for an enlarged chart ofSPDR 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 attempting to break to a new high.
  • RSI on the chart shows that there is a technical set up for the stock market to go higher.
  • The chart shows that the stock market is significantly above the support zone. This indicates that buying here does not have a favorable risk reward...
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