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Originally Posted by coolhand

The market fell today, but price remains in a multi-day range over the past week. Coiling for a move higher?




We can see from the charts that price has stalled. Volume has fallen off since earlier this week. Momentum is still rising, but weakening a bit.



Breadth fell, but still remains bullish.

The latest NAAIM reading shows this

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Stocks were mixed again on Wednesday, and almost a flip flop from Tuesday's action. We are seeing a shift back and forth between growth and value stocks outperforming, and with COVID cases rising again, yesterday was one of the "shutdown" days where the stocks that do better during an economic shutdown, like Netflix and Zoom, outperformed. The Dow lost 23-points while the S&P and Nasdaq had strong gains.

Yesterday was one of those holidays where the market was ...