This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for April 25, 2013.

…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. Looking at the 6-month daily chart of the S&P, we can see that the daily trading range is getting narrower as the index inches toward the important sentiment 1600 mark. This is also, where the lower edge of the red band comes in. As shown, a move into the red band often marked important market top…

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