Day: December 10, 2018

S&P 2600 is the Line in the Sand

S&P shifted to consolidation mode. The index could signal an extended downward trajectory, depending on how it closes over the next few days. For now, 2600 is the line in the sand. We’d turn particular bearish if the index closes twice below that level. With that said, if that support gives way, the next leg is likely lower, and we’re looking at 2530.

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 10, 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.