This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for September 13, 2013.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. As expected, the index sold off after a test of resistance at the lower edge of the pink band was met with a new wave of selling interest. Momentum indicator shifted lower from overbought zone, suggesting further short-term weakness likely. A downside follow-through will confirm this…
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