Bull Flags Forming? Posted by Coolhand

The bears managed to pull the market back bit more today, but so far the pullback has been measured and not inconsistent with a healthy one at that.

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So, we may have potential bulls flags forming. Momentum has leveled off.

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Breadth fell along with the market, but remains bullish.

NAAIM reports tomorrow. It's always interesting to see what the smart money is doing on a week to week basis. They were modestly bullish last week.

I remain bullish.
 
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