S&P Cleared 3100 but Follow-through is the Key

S&P cleared key technical resistance, breaking out from the one-week congestion trading pattern. The breakout would be confirmed on a consecutive close above 3100, which would support near-term upside follow-through and a test of more important resistance in the 3170 area

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for November 18, 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 Trapped in Narrow Trading Range

S&P is trapped within narrow trading range as traders are waiting for new catalyst to push stocks higher. Technical pressures are building up as the market dances its way into an increasingly tight trading range. S&P’s 3077 marks the inflection point. A failure to hold above key level indicates a change in sentiment and a much deeper pullback should be expected.

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for November 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.

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