Monday’s upside follow-through confirmed last week’s bullish breakout and opened up for a test of the more important resistance near the 2600-2640 zone. Near-term technical backdrop has been strengthened but does not appeared strong enough to generate sustain breakouts. With this in in mind, we would consider taking down exposure into additional strength, which we think could take the S&P closer to the trend channel moving average before a significant pullback unfolds
Day: January 8, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for January 8, 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.