Session Gains Get Tempered - Posted by Coolhand

Price continued to advance today, though a late day swoon erased the bulk of session gains.

View attachment 46741
View attachment 46740

We aren't off to the races, but as long as price is steadily moving higher who's going to complain? There is still more resistance above that will need to be dealt with, but I doubt it will happen in the short term. The February peak (all-time high) is near the 3400 mark on the S&P, so the index has about 140 points to go yet to get to that level (assuming we get there).

View attachment 46742

Breadth has joined the party with a fresh high and remains bullish.

Aside from normal pullbacks associated with a price that is advancing overall, I see no reason not to remain bullish. A fresh NAAIM reading is just 2 days away.