This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for March 6, 2013.
…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. Key technical development in Tuesday trading session was a clear break above the February falling trend line resistance, indicating that the 2-week symmetrical triangle had resolved itself into a new upswing. Money Flow measure trended higher from above the zero line, suggesting that traders are getting aggressive in the expectation of higher prices. This is…
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