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…

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