The bulls came out early and strong again today, but like yesterday the bears mounted an attack to drive price back down. We ended up with a mixed close, but it's the bulls I have to give the nod to because they are holding price above the 50 dma to this point.
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Price remains not terribly far above the 50 dma. A retest of the 50 dma is still very possible. Momentum dipped on the S&P.
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Breadth actually ticked a bit higher and remains bullish.
NAAIM reports tomorrow. We'll soon know if they've shifted in either direction. I'm anticipating some degree of a bullish shift, but that's just a hunch.
I remain neutral.
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Or you can now use TapaTalk again!Another Battle - Posted by Coolhand
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