Thursday’s bearish shooting star candlestick together with the fact that the S&P is overbought as it tests key overhead resistance suggesting that a short-term pullback consolidation is inevitable. There’s a high probability that the late-day selloff will momentum but an undercut below the 3050 is needed before there is any real prospect of a change in the short-term uptrend pressure
Day: November 8, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for November 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.