Month: May 2019

S&P’s 2800 Might Not Hold for Long

Tuesday’s late day selloff pushed S&P down to key support zone at the important sentiment 2800 mark. Money Flow measure is not favorable over the near to intermediate term, suggesting the support might not hold for long. A failure to bounce off key support means that long-term buying pressure has finally been exhausted. The stronger the support level, the more powerful the selloff

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for May 29, 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.

S&P Oversold Rally Shown Signs of Buyer’s Fatigue

S&P’s oversold rally is showing signs of buyer’s fatigue, noting a struggle for the index to get past Thursday’s bearish breakaway gap. There is a good chance S&P will see some near-term weakness, but the bears will not have any cases unless there is, at least, a close below 2800

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for May 28, 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.

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