The Path With Least Resistance Remains Higher As Long As S&P Holds Above 3100

S&P turned indecisive as traders wondered whether more gain is warranted given the massive advance over the past few weeks. Although the near-term technical bias is currently tilted toward weaknesses than strengths, the path with least resistance remains to the upside as long as S&P holds above 3100. As for strategy, a pullback will present a buying opportunity, while selling into strength may not be the best strategy in a market considered likely to bounce back

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 6, 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.

S&P At Key Technical Juncture

S&P is at key technical juncture. Current rally is testing resistance at Tuesday’s bearish breakaway gap. The longer the index stay below that level, the more vulnerable it is to lower prices

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for December 5, 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.

Next Page » « Previous Page