We got another volatile session today, but this time the bulls took immediate control to the upside and bears tried to bring it back down. Of course, the bulls won the battle with some decent gains on the day.
View attachment 46461
View attachment 46459
We can see that about half the losses have been retraced and perhaps a bit more than that.
View attachment 46460
Breadth continues to rise and remains bullish.
So far, the 200 dma has held and the highs are not far off. I am looking for a continued bias higher, but the bears might have other ideas in the short term.
I am now neutral to modestly bullish.
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!Have the Bulls Taken Back Control? - Posted by Coolhand
- Thread starter coolhand
- Start date
Similar threads
