The bears could not keep it going after yesterday's moderate sell-off as the bulls got back about half of Tuesday's losses.
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There isn't much to say about the charts. Price continues to meander up and down, though it does seem to be biased higher at a very slow rate. Resistance is not far above. The 50 dma continues to rise and is about even with the 200 dma on the S&P.
Breadth ticked higher and remains bullish, but continues to track in a sideways fashion.
NAAIM reports tomorrow, so we'll get a fresh read from the smart money. I remain bullish.
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Or you can now use TapaTalk again!Market Snaps Back - Posted by Coolhand
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