The market finally saw some selling today, which was needed to consolidate gains and work off the overbought nature of some parts of the market.
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View attachment 47916
No technical damage yet, and we can see that RSI is still overbought on the DWCPF, but any more selling will likely take the DWCPF out of overbought territory. Momentum turned down, but remains bullish for now.
View attachment 47918
Cumulative breadth dipped, but only a bit. It still remains very bullish.
We get a fresh NAAIM reading tomorrow. I remain bullish.
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Or you can now use TapaTalk again!Market Takes a Breather - Posted by Coolhand
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