This is Capital Essence’s CEM News – Market Outlook (the technical analysis of financial markets) for September 1, 2015.
…our “U.S. Market ETF Trading Map” rates the S&P as a Sell. As expected, the index corrected lower after last week’s oversold relief bounce ran out of steam near 2000. Money Flow measure trended lower from below the zero line, indicating an increase in selling pressure. The short-term overbought condition is another near-term plus for the bears…
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