Are There Any Bears Left? - Posted by Coolhand

Overbought got more overbought today, but who cares? Breadth isn't making new highs either, but who cares?

Price is rising and ultimately that's what we care about.

View attachment 47056
View attachment 47055

There is no overhead resistance on either chart.

View attachment 47057

Breadth remains bullish, but tracking sideways.

With NAAIM heavily bulled up, this rally could have some serious legs. Their sentiment can linger in one direction for many weeks. We'll have to see, of course, but it's possible.

I remain bullish.
 
Back
Top