S&P in Early Stage of Snap Back Bounce

our near-term work on momentum and price structure suggested that an important near-term low had been established and the S&P is in an early stage of a snap back bounce. We believe the relief rally can be sustained for a few days, potentially allowing for a test of 2880 before a significant pullback unfolds

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for August 16, 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.

Looking For the Next Major Sell Signal

Wednesday’s massive selloff signify resumption of the late July’s downswing. As the S&P approaches critical tipping point, we’re looking for the next major sell signal. The index could signal an extended downward trajectory, depending on how it closes over the next few days. If the market is going to find a bottom in the near term, we want to see the S&P rebounds off 2800

SPDRs Report

This is Capital Essence’s U.S. Market ETFs Trading Map – SPDRs Sector Report for August 15, 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.

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