S&P turned indecisive near key technical resistance. Our near-term technical bias on the index favors a short-term consolidation. However, the overall technical backdrop remains bullish so pullback should consider as buying opportunity and not chances to take profit or get out
Month: November 2018
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for November 30, 2018. 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 cleared key technical resistance, breaking out from the one-week congestion trading pattern. However, given the looming resistance near 2780, there is no big commitment to accumulate stocks aggressively at this point