Thursday’s bullish breakout above the important sentiment 3200 mark had helped putting the bulls back onto the driver side of the market. Over the next few days, we will look for trading behaviors as the S&P probes the lower boundary of the red band, or extreme overbought zone. The market had historically developed minor resistance near that level. There is no reason to turn particular bullish until overbought conditions are absorbed
Day: December 20, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 20, 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.