It wasn't an exciting trading day, but the bulls did manage to post gains by the close.
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Price is tracking sideways right now, but as long as the 200 dma holds it won't be a problem. Note the rising 50 dma approaching the 200. We could see fireworks if it crosses or gets close to crossing. The bears don't want to see a bullish sign like that as it would likely create additional headwinds for them.
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Breath ticked up a bit and remains bullish.
I remain bullish given the recent NAAIM reading and the successful test of support at the 200 dma more than a week ago.
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Or you can now use TapaTalk again!Week Starts Green - Posted by Coolhand
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