This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for August 11, 2015.

…our “U.S. Market ETF Trading Map” rates the S&P as a Hold. As expected, the index rebound nicely off support at the July rising trend line. That level roughly corresponds with the upper edge of the green band. Key technical development in Monday trading session was a clear break above the trend channel moving average. Short-term momentum indicator shifted higher from oversold zone, suggesting…

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