This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for May 13, 2013.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. As expected, the index rebounded nicely off support the lower edge of the red band. This is a short-term positive but let’s notice that with Friday gains, the index is about 13 points, or less than 1%, away from the upper edge of the red band. As mentioned, a trade above that level often…
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