Thursday’s rally pushed the S&P above the short-term sideways trend, signify a bullish breakout. While there seems to be room to go higher, traders must be mindful that the return of overbought conditions on the daily chart. While overbought condition is normal during a pro-long uptrend, it’s suggested that upside momentum might not sustain without at least a short-term breather. Therefore, it’d be important to monitor the breakout and retreat behaviors over the next few days to determine whether breakouts are decisive
Day: December 27, 2019
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 27, 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.