the S&P is in a midst of a short-term consolidation phase. With Money Flow measure above the zero line, the path with least resistance is higher. Additionally, the fact that the index had managed to hold on to most of recent gains in the face of such extreme overbought condition, suggested that sell-off should be shallow and quick because the sideline money will try to fight its way back into the market. This increases the probability that the S&P will break to new high as soon as the market works off overbought conditions
Day: March 7, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for March 7, 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.