S&P Shooting Star Pattern Signals Potential Trend Reversal

Friday’s bearish shooting star candlestick together with the lagging Money Flow measure suggested that a short-term pullback consolidation is inevitable. There’s a high probability that the late-day selloff will momentum but an undercut below the S&P’s 2935 is needed before there is any real prospect of a change in the short-term uptrend pressure

SPDRs Report

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

Traders Should Consider Buying into Market Dips Rather Than Chasing Breakouts

we wouldn’t look too much into Thursday’s trading action because it keeps the S&P within its short-term range bound trading pattern. This is a rally and retreat environment. It is not a trending environment. Short-term traders can anticipate continued volatility with rapid up and down moves in the markets. As for strategy, traders should consider buying into market dips rather than chasing breakouts

SPDRs Report

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

Next Page »