It was a choppy morning session on Tuesday, but the afternoon session belonged to the bulls.
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The S&P continues its movement higher. The DWCPF gained as well, but it's still in no-man's land (neutral) with a modest bullish bias (overhead resistance).
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Breadth has almost stalled the past few trading days, but remains bullish. It's possible the market is getting ready for another turn back down, but we did have a bullish NAAIM reading, so I'm not convinced the upside is over (for the S&P anyway). Still, why is breadth stalling? Just something to watch.
I remain bullish on the S&P and neutral on the DWCPF.
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