S&P tested and held support at the green band, or oversold zone. Our near-term work on price structure and momentum suggested that the index is in a reflexive bounce. Traders will be looking for the index to close above the trend channel moving average before getting aggressively long again
Day: August 20, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for August 20, 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.