The week started out mixed, with the S&P 500 advancing moderately and the DWCPF dipping modestly.
View attachment 48727
View attachment 48728
Price on the S&P appears to be back on the upswing, but the DWCPF remains just above its 50 dma.
View attachment 48729
Cumulative breadth pulled back a tad and while it is still technically bullish, its very close to neutral.
There is not much to read into today's market activity. We'll have to see what the rest of the week brings. I am not looking for any downside surprises, but it's possible the market goes sideways with perhaps a modest upside bias.
I remain modestly bullish.