This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for September 9, 2013.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. Once again, the index moved up to test resistance at the trend channel moving average. The early rally attempt was met with an aggressive wave of selling interest. As a result, the index sold off and reached as low as 1640, that level roughly corresponds with the upper edge of the green band, before buyers stepped in and pushed prices up…
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