S&P’s quick run is showing some signs of exhaustion. Notice how the index struggled to get pass the important sentiment 3000 mark. While downside risk is limited at the moment, the return of overbought conditions on the daily chart does not favor a sustain breakout. With this in mind we’d consider increase exposure into short-term dips rather than chasing breakouts
Day: July 11, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for July 11, 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.