Day: July 9, 2019

S&P In Short-term Overbought Correction

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

SPDRs Report

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.