This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for May 6, 2014.
…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. As expected, the index moved down to test support at the trend channel moving average after last week’s retest of the April high was met with a new wave of selling interest. The breakdown below the lower edge of the pink band was an unsustainable decline…
Subscribers, please click here to read the rest.
Subscribe to CEM News to receive more in-depth research from Capital Essence.