The S&P 500 outpaced the DWCPF today as both indexes posted gains to start the new week.
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Price on the S&P 500 is very close to testing resistance at the previous peak. I am guessing that it will eventually push past resistance given the DWCPF did so several trading days ago. There is no overhead resistance on the DWCPF. Momentum continues to rise on both charts. I should point out that the DWCPF is now overbought according to RSI.
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Breadth continues to go vertical on this rally and remains bullish.
The market is due a pullback, but if this action has anything to do with the elections in early November any pullbacks may not be deep or last too long.
I remain bullish.
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Or you can now use TapaTalk again!The Bears Are Getting Pounded - Posted by Coolhand
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