Market Outlook

This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for July 22, 2015.

…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. As expected, the index sold off after a retest of the May-June high was met with a new wave of selling pressure. Technically speaking, Tuesday’s downside reversal served as a confirmation and extension to Monday’s bearish reversal signal. Momentum indicator shifted lower from overbought zone, suggesting…

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