S&P in Orderly Consolidation Phase

recent trading actions leaving the S&P in what looks to us like an orderly high level consolidation of the December recovery rally. The fact that S&P managed to hold on to most of its gains was pretty encouraging. Over the next few days, it will be important to monitor the rally and retreat behaviors as the 2600-2633 zone is tested as resistance. We’d turn particular bullish if S&P hurdle and sustain above 2633

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for January 15, 2019. SPDRs Report is the daily, weekly and monthly technical overviews and analysis for major indices, key sectors, commodities ETFs. This information is a comprehensive summary derived from our proprietary trading system.

S&P in Holding Pattern Prior to New Upthrust

the S&P stuck in a holding pattern as traders digested the early January massive run. The fact that the index has retained all of recent gains despite short-term overbought conditions suggested that the market could take another leg higher as soon as it works off the excessive optimism

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for January 14, 2019. SPDRs Report is the daily, weekly and monthly technical overviews and analysis for major indices, key sectors, commodities ETFs. This information is a comprehensive summary derived from our proprietary trading system.

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