our near-term work on price structure and momentum suggested that the S&P is in an early stage of a short-term oversold bounce. The index has 2929 to trade against. As the index inches into the area of key overhead resistance, aggressive sellers will most likely dips in their toes to see how the market reacts. So, we’d be cautious against taking large position at this stage
Day: August 7, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for August 7, 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.