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Originally Posted by coolhand

Sooner or later it was almost certainly going to happen. The 200 dma got tested on the S&P 500 today.




Price closed largely on that key average at the end of the trading day. Price on the DWCPF closed just under its 200 dma. Momentum turned up. Volume was fairly robust. That's a plus for the bulls.



Looking at breadth, it soared. That's what

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Stocks were mixed but mostly higher on Friday, the lightest trading day since the pandemic sell-off started. It felt like holiday action, which tends to have a bullish bias, but last week's rally was a lot better than most positive holiday bias expectations. The Dow lost 9-points on the day but the broader indices did just fine.

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