Day: December 6, 2018

S&P Broke Several Supports but Follow-through Might Await

S&P broke key supports Tuesday, signify a bearish trend reversal. While the near-term technical backdrops favors further short-term weakness, it will be important to monitor the retreat and rebound behaviors to determine whether breakouts are decisive. In a longer term, there is a high probability of a period of consolidation activity between S&P’s 2600 and 2800 that might last several weeks if not months. This consolidation band provides a rally and retreat trading environment for traders. However, market is volatile and tight stops are advisable

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 6, 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.