our near-term work on price pattern and momentum suggested strongly that the S&P is in a midst short-term pullback correction phase that could last about 5 to 10 trading sessions. While the near-term technical bias is skewed toward further weakness, the bulls should not get into any serious trouble as long as the market holds above 3075. As for strategy, pullback will present a buying opportunity, while selling into strength may not be the best strategy in a market considered likely to bounce back
Day: November 21, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for November 21, 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.