Relatively Quiet Day - Posted by Coolhand

It was a relatively quiet day today with price staying in a somewhat limited range.

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Price closed modestly lower on the S&P today and moderately higher on the DWCPF. Volume was lower than average, but not by a lot. Momentum continues to rise on both charts, but especially so on the S&P. So, the S&P remains decided bullish. I did not mention it yesterday, but don't forget the lower high on the DWCPF from about a month ago. I don't draw lines anymore, but you can visualize about where it runs. That's resistance and it's not far overhead.

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Cumulative remains bullish.

So, nothing has changed. While the DWCPF is showing signs of life, until breaks out to the upside there is a chance the current attempt to rally higher will form another lower high. We may be close to that now. The S&P has no such problem and is hitting fresh all-time highs (recently).

I remain bullish on the S&P, but neutral on the DWCPF.