It didn't take long since the neutral NAAIM reading for the market to break higher. That was the most likely outcome, though the timing is not easy to discern.
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The next up-leg may have started. We can see that price moved further away from the 50 dma on the S&P 500, while price on the DWCPF closed above that level for the first time in about 2 months. Momentum is beginning to turn back up.
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Breadth is bullish and should continue to move higher as long as price is the doing the same.
I remain neutral to modestly bullish.
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Or you can now use TapaTalk again!Another Up-Leg May Have Begun
- Thread starter coolhand
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