Coolhand's Market Analysis

Originally Posted by coolhand

It was the bears turn to turn the market around today as the market started off in positive territory, but eventually succumbed to heavy selling pressure in afternoon trade.




Overall, there is still no damage to the uptrend, but we do have resistance at the current peak.



Breadth is looking rather neutral now.

It may not be an easy road for the bulls to take this market higher, but easy or not I still believe it will be heading higher.

I remain bullish.