S&P in Digestion Period Prior To New Upswing

the big picture remains the same. There is an orderly pullback consolidation, which represents digestion period. The fact that the index managed to hold on to most of recent gains despite overbought conditions, indicating an internal strength. This increases the probability that the S&P will break out from current trading range as soon as the market shakes off the excessive bullishness

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 12, 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

S&P is in a holding pattern as traders wondered whether more gain is warranted given the massive advance over the past months. While the near-term technical outlook remains positive, a close above 3150 is required to neglect the short-term downward trend pressure. On balance, we remain bullish on the S&P and looking to buy into market dips

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 11, 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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