The bulls had a good week as we head into the long holiday weekend.
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Price is back to the top of the trading range on the S&P, while a bit under it on the DWCPF. Volume was underwhelming.
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Breadth ticked higher and remains bullish.
As I pointed out in my previous post today, NAAIM got less bullish, but not by a lot. Overall, they are still collectively bullish, just modestly so. I noted that the bulls are much more leveraged than the bears, which is means there is more conviction among the bulls.
I anticipate more back and forth action on the latest NAAIM reading, but remain bullish overall.
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Or you can now use TapaTalk again!Back to the Top of the Short Term Range - Posted by Coolhand
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