The bulls pushed price higher today for the 3rd day in a row. The action was up and down and the gains on the day were somewhat modest.
View attachment 48383
View attachment 48382
Price on the DWCPF closed in the area of its previous all-time high (give or take). Price on the S&P has yet to hit its previous peak. So, we haven't started a new up-leg yet, which means resistance is holding for now.
View attachment 48384
Breadth ticked higher and remains bullish.
It still remains to be seen if new highs are coming or not. Why should there be any doubt? It was one thing to predict a bull run in mid-November. I largely saw it coming as did NAAIM. I don't have the same confidence now, though I'm not doubting necessarily that it can't happen. I need more evidence. NAAIM reports tomorrow. Let's see where the smart money stands and what futures does heading into tomorrow's open.
I remain neutral.
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!Price Now Testing Resistance - Posted by Coolhand
- Thread starter coolhand
- Start date
Similar threads
