Tag: dow jones industrial average

S&P Vulnerable to Short-term Setback

S&P developed a high volatility with fast up and down moves between the lower boundary of the red band and the trend channel moving average. While market seems vulnerable to some downside retracement over the short-term, we’re long-term positive for S&P as we believe selloff would be shallow and quick

Cautiously Optimistic

while the market could continue to drift higher as trading sentiment remains strong, given the looming resistance at the lower boundary of the red band, there is no reason to accumulate stocks aggressively at this point. As for strategy, traders should consider buying into market dips rather than chasing breakouts

S&P Will Have Downward Bias

market internals deteriorated as S&P’s testing key technical level. S&P will have a downward bias this week, pressured by short-term negative momentum but we expect support at the trend channel moving average to remain largely intact

S&P in Orderly Low-level Consolidation

Editor’s note: this column was originally published on Capital Essence’s CEM News. It’s being republished as a bonus for the loyal readers. For more information about subscribing to CEM News, please click here.   Good Morning, this is Capital Essence’s Market Outlook (the technical analysis of financial markets) for Thursday September 13, 2018. We’ve noted […]

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