Coolhand's Market Analysis

Originally Posted by coolhand

After 3 positive days, the market stepped back on Tuesday. That's normal action. However, the 200 dma looms very near on the S&P 500 and that's a potential resistance area.




Not much change to the charts. We remain in somewhat of a sideways pattern right now with price sitting in the upper end of the range.



Breadth remains positive, but is close to neutral.

My outlook remains the same. I am neutral with the smart money. The market needs to show us it can vault past that 200 dma (for more than a couple days).