The bulls bounced the market today. It seems we remain in somewhat of a trading range right now.
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View attachment 45984
Price on the S&P didn't quite test the falling 50 dma, which is still an area of resistance. The DWCPF is moving sideways. Momentum has stalled.
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Breadth is now neutral, having pushed back through the 21 day EMA.
NAAIM reports tomorrow. I suspect they will not change much. The uncertainty about this market remains in place, though we are still technically in an uptrend. Still plenty of upside key resistance areas to slice through.
I remain neutral.
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- Thread starter coolhand
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