Day: August 8, 2019

S&P in a Midst of Oversold Consolidation

our near-term work on price structure and momentum suggested that the S&P is in a midst of an oversold consolidation, which represents the digestion period in the aftermath of last week’s massive selloff. Over the next few days, we will look for trading behaviors as the S&P probes key technical resistance near 2930. There is no reason to turn particular bullish until this zone is eclipsed

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for August 8, 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.