Price Continues Rising - Posted by Coolhand

The bulls began the new week in positive fashion as price continued to rise.

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This time, the S&P joined the party, but the DWCPF continues to dominate the action was larger gains. The problem for the S&P is that price is still stuck in a range, while the DWCPF is hitting fresh all-time highs.

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Breadth is also hitting fresh all-time highs and is looking quite bullish. Ordinarily I'd expect a pullback on this kind of upside action, but the uneven market and other factors tell me that the bulls may continue to probe higher for the time being. In other words, I'm not looking for much as far the downside goes. Not with NAAIM all bulled up. Until something changes, I'm looking for more of the same.

I remain bullish on the DWCPF and neutral on the S&P 500.