This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for December 14, 2012.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. Thursday downside follow-through served as a confirmation and extension to Wednesday bearish reversal signal. This is a short-term negative but let noticed that after Thursday decline, the index had moved into our downside target zone of 1415, which we’ve determined using the trend channel moving average…
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