recent trading actions leaving the S&P in what looks to us like an orderly high level back-and-forth consolidation of the December massive rally. There is a high probability that the upper and lower limit of a short-term trading range has been set between the 3250 and 3200 levels on the S&P. While the near-term technical backdrops favors a break to the upside it will be important to monitor the retreat and rebound behaviors to determine whether breakouts are decisive
Day: January 8, 2020
This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for January 8, 2020. 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.