S&P broke above the late March falling trend line, signify an upside reversal and bullish breakout. Nevertheless, the return of overbought conditions on an intraday basis will put a cap on the upside. As for strategy, traders should consider taking down exposure into overbought strength, which might take the S&P closer to 2860 before a significant pullback unfolds
Day: April 1, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for April 1, 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.