our near-term work on price structure and momentum suggested that the S&P is in a midst of an overbought consolidation, which represents the digestion period in the aftermath of October’s massive rally. Over the next few days, we will look for trading behaviors as the S&P probes key support near 3025. A failure to hold above key support suggested that most of the potential buyers at this level had already placed their bets. The next batch of buyers typically sits at a much lower level
Day: October 30, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for October 30, 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.