Slug-Fest Continues - Posted by Coolhand

If you haven't noticed, the up one day and down the next market has seen 6 reversals in as many tradings days (S&P). The slug-fest continued today with the bulls landing the latest punch.

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Price on the S&P did close at a fresh high, though it had a higher intra-day high the prior trading day. I'd say the bears are losing this battle; albeit in drawn out fashion.

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Breadth remains positive.

So, price is very close to hitting the June high (again). We have the smart money on our side, so closing above that June high is probably not far off.

I remain bullish.
 
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