there is currently a test of resistance at the trend channel moving average. Momentum is not favorable over the near to intermediate term, suggesting that this is not a time to be long. What the bulls want to see is S&P stabilizes and climbs above 2862. The longer the index stays below that level, the more vulnerable it is to lower prices. This is the real danger in the current market
Day: May 16, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for May 16, 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.