This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for August 8, 2014.
…our “U.S. Market ETF Trading Map” rates the S&P as a Sell. Once again, the index sold off sharply after the early rally attempt was met with a new wave of selling interest. Momentum indicator shifted lower from near oversold zone, indicating an internal weakness. This is a short-term negative but let’s notice that…
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