market internal deteriorated as S&P moved down to test support at the trend channel moving average but downside momentum does not appeared strong enough to generate widespread breakouts. While there is a high probability that the late-day rally will momentum, a sustain advance above the late July high is needed before there is any real prospect of a change in the short-term downward trend pressure. With this in mind, we’d look to reduce exposure into intraday bounces
Day: August 5, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for August 5, 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.