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Originally Posted by coolhand

The bulls had a good week last week with Friday's action closing out on a positive note.




There is no breakout yet, but price does remain at or near the top of its trading range. Momentum remains rather flat. The 50 dma has now crossed the 200 on the S&P 500. The DWCPF is not far behind.



Breadth rose on Friday and put the signal back in a bullish

...

A second consecutive week of gains demonstrates the bull's resilience. The week began with a higher open but market's direction was not uniform day to day. The ongoing assessment of risk produced choppy action throughout the week; the S&P 500 even dropped sharply to negative territory early Thursday but quickly turned around into a rally that kept course for the rest of the week. Virus cases continue to add up in particular states threatening another economic shutdown. Investors are also beginning ...