This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for August 6, 2015.

…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. The index continues basing sideways near the trend channel moving average after the early rally attempt ran out of steam near the lower edge of the pink band. That level is significant when the S&P penetrated and failed in late July…

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