The bears made an attempt to take the market down today, but it was quickly countered by the bulls. Price bottomed after the 1st hour and recovered to close mixed on the day.
View attachment 48042
View attachment 48041
There isn't anything particularly notable on the charts today. Volume was actually average given the holiday week. Normally, I'd expect less volume. Momentum is still negative on the S&P, but price remains not far from the peak.
View attachment 48043
Breadth was not impressive, but the chart is still bullish.
I remain bullish.
I am going to be away from my computer the rest of this week, so I won't be posting for a few days. Have a safe and joyful Christmas!
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Or you can now use TapaTalk again!Turn-Around Monday - Posted by Coolhand
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