our works on price structure and momentum suggested strongly that the S&P is in an early stage of the distribution phase, the period in which smart money sell (distribute) their positions. With this in mind, we’d look to reduce exposure into overbought strength which might take the index closer to 3000 before a significant pullback unfolds
Day: May 6, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for May 6, 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.