Month: October 2019

S&P to See Strong Resistance near 3050

S&P broke key resistance Monday, suggesting that the multi-month sideways trading pattern had resolved itself into a new upswing. However, given the overbought conditions and looming resistance near 3050 there is no big commitment to accumulate stocks aggressively at this point. As for strategy, traders should look to reduce exposure into overbought strength

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for October 29, 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.

S&P Breakouts Might Not Sustain

S&P is at key technical juncture. Current rally is testing formidable resistance near 3030. While the near-term technical bias remains bullish, retuned of overbought conditions together with the lagging Money Flow measure do not favor a sustain break to the upside. As for strategy, we’d look to buy into short-term dips rather than chasing breakouts

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for October 28, 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.

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