While the market closed mixed on the day, the S&P 500 in particular added a modest gain.
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Price is now testing resistance on the S&P from the February peak. Interestingly, there was no serious challenge from the bears as the February peak was tested. But the bulls didn't press either, so price pulled back from that peak just a bit. The DWCPF is close to testing its peak, but it isn't quite there yet.
Breadth remains bullish.
I feel pretty confident that price will eventually push pass resistance. Likely sooner rather than later, but we'll let the market tell us.
I remain bullish.
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Or you can now use TapaTalk again!Resistance is Getting Tested - Posted by Coolhand
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