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…
Subscribers, please click here to read the rest.
Subscribe to CEM News to receive more in-depth research from Capital Essence.