based upon recent trading action, the S&P is in an early stage of an overbought correction. Although seemingly vulnerable to further short-term weakness, the overall technical backdrop remains positive so pullback will present a buying opportunity, while selling into strength may not be the best strategy in a market that is likely to bounce back
Day: December 2, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 2, 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.