Tuesday’s oversold relief bounce is testing formidable resistance at the S&P’s 2862. Momentum has been strengthened but does not appear strong enough to generate widespread breakouts. The longer the index stays below that level, the more vulnerable it is to lower prices
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for May 15, 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.