Buying Pressure Deteriorated As S&P Tested Key Level
the big picture remains the same. There is an orderly pullback consolidation, which represents digestion period. However, the fact that buying pressure deteriorated as the S&P tested key price...
View ArticleS&P At Inflection Point
S&P is in a midst of short-term consolidation phase that reflects an indecisive market. While near-term technical bias remains bearish, downside momentum does not appear strong enough to generate...
View ArticleS&P In Consolidation Phase
we wouldn’t look too much into recent trading action as because it keeps the S&P within its short-term consolidation phase. The overall technical backdrop has improved following Tuesday’s turn...
View ArticleLook To Reduce Exposure Into Intraday Rallies
the big picture remains the same. The S&P is in a midst of a short-term oversold consolidation. The overall technical backdrop has been improved but with Money Flow measure below the zero line,...
View ArticleS&P Shifted To Consolidation Mode
an overbought pullback consolidation interrupted the early November recovery rally in the S&P. Although seemingly vulnerable to further short-term weakness, the overall technical backdrop remains...
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