This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for March 12, 2014.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. As expected, the index moved down to test support at the lower edge of the pink band after recent test of resistance at the red band was met with a new wave of selling interest. This is a short-term negative but let’s notice that Money Flow measure still holds near multi-month high, indicating there was little selling interest…
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