This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for July 6, 2014.
…our “U.S. Market ETF Trading Map” rates the S&P as a Buy. The index continues drifting higher just beneath the lower edge of the red band following last week’s bullish breakout to multi-month high. Money Flow measure had trended higher but still unable to move above the June falling trend line. To us, this is a sign that buying pressure is abating…
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