Given the strength of Tuesday's rally, it probably shouldn't be a surprise that Wednesday saw more strength. Breadth and volume appeared to be indicating that the move was not transient.
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We can see that price has now closed above the 200 dma on the S&P and is sitting on that key average on the DWCPF. Volume was a bit more robust than the previous session.
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Breadth soared again and is making a compelling bullish statement.
NAAIM reports tomorrow. That is always a key element of my analysis. I always want to know what the smart money is doing. We'll know very shortly.
I remain neutral to modestly bullish, but could change my position on the NAAIM reading.
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Or you can now use TapaTalk again!The Bulls Push Price Above a Key Average - Posted by Coolhand
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