The Bulls Come Back

The bears tried to get something going today, but the bulls would have none of it as the market started out the trading day weak, but finished near the neutral line.

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We do have some resistance on both charts near the highs. The 200 dma is not far above, which may present more resistance should it get tested. I have a strong hunch price will eventually push past that key average, but I'm not making any predictions.

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Breadth remains bullish.

As I've mentioned in the past, I suspect there is a floor under this market. If I am correct, the bears are in trouble and the uptrend should continue over time.

I remain bullish.
 
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