This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for December 5, 2012.
…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. The index printed a narrow range bar near support at the important sentiment 1400 mark. For starters, narrow range (or neutral) bar indicates uncertainty – traders refuse to press hard one way or the other just because they are unsure about the near-term direction. This explains why market often uses neutral bar to change direction. Momentum indicator is fast approaching oversold territory, suggesting…
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