This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for December 7, 2012.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. Thursday upside follow-through served as a confirmation and extension to Wednesday bullish reversal signal. This is a short-term positive but let’s notice that with Thursday gain, the index is only 4 points, or 0.28%, below the technical resistance at the trend channel moving average, currently at 1419. That level marks the inflection…
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