The bears tried to press their downside pressure, but the bulls finally stepped in and drove price back into positive territory.
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The 50 dma did not get tested, but close may be enough. I suspect a bottom is in for the moment, but the battle is likely to continue over the days ahead.
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Breadth remains negative.
NAAIM came in neutral, which I think bodes for continued back and forth action. They are neither bullish or bearish, so I am not looking for major moves in either direction at this time.
I think the bulls may apply more upside pressure in the short term, but I am now leaning neutral overall.
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Or you can now use TapaTalk again!The Bulls Push Back
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