The bulls are knocking on the door of a potential upside breakout.
View attachment 46715
View attachment 46713
We can see that price on both charts are close to the June peak, which is resistance.
View attachment 46714
Breadth looks much the same, with the signal near the June peak.
The TSP Talk sentiment came in bullish again. NAAIM is also bullish and that's the one that counts in my book. We didn't get a breakout last week, but the market is poised for one at any time. Of course, we could see a rejection at resistance, but I am of the opinion that as long as the smart money is bullish, we should be too.
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Or you can now use TapaTalk again!Breakout Inevitable? Posted by Coolhand
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