This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for December 4, 2013.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. Key technical development in Tuesday trading session was a clear break below support at the important sentiment 1800 mark. This is a short-term negative but let’s notice that after recent decline, the index had pulled back to key support level that had successfully in repelling price action…
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