The melt-up continued today, though it was on the volatile side.
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Price on the S&P continues to eke higher, while price on the DWCPF is now testing resistance.
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Breadth is not advancing (no new highs), so the overall rally in the broader market is not seeing as broad a segment of stocks participating. It's not necessarily bearish, but I think it is unusual.
And as I posted earlier today, NAAIM came in a bit more bullish. As long as they remain this bullish, I don't see much chance for any serious selling pressure.
I remain bullish.
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Or you can now use TapaTalk again!Price Continues Rising - Posted by Coolhand
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