The market bounced a bit on Thursday, which simply means that there remains a floor under this market. But no breakout yet. Resistance is still in play on the S&P 500 and DWCPF. NAAIM sentiment came in relatively unchanged, which makes it neutral. One of my more important indicators, cumulative breadth, remains in a confirmed uptrend with liquidity at a moderately high level. I am anticipating an upside breakout before the end of next week, but for now the S&P 500 and DWCPF charts are confined between support and resistance.
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