Monday’s trading action suggested that market had finally reacted to overbought conditions. The fact that the late June rally failed to climb above the important sentiment 3000 mark on the S&P suggested that long-term buying pressure has finally been exhausted. The stronger the resistance level, the more powerful the selloff. This is the danger in the current market
Day: July 9, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for July 9, 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.