The week started off well enough as the market began to add to gains from the previous week, but the bears sent the market lower at the end of the week. The S&P and DWCPF both closed out with a modest weekly loss overall.
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View attachment 46774
Still, the charts remain bullish. No market goes straight up and we do have a bias higher over the intermediate to longer term.
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Breadth has turned down, but does remain bullish.
The bullish NAAIM reading does not generally give quick gratification. I use it to get a sense of weekly expectations. With the smart money bullish, I expect the upward trend to continue. TSP Talk remains bullish as well.
I continue to remain bullish.
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Or you can now use TapaTalk again!Following the Smart Money - Posted by Coolhand
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