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Coolhand's Market Analysis

Smart Money Gets Bullish - Posted by Coolhand

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coolhand
, 05-28-2020 at 06:05 PM (809 Views)
Quote Originally Posted by coolhand View Post
Well, the bull party was going well til some trade news hit the wires, which triggered some selling that sent price below the neutral line. We'll have to see if it was just an initial knee-jerk reaction or not.

Attachment 46261
Attachment 46262

For the most part, the charts held up, though the DWCPF dipped back below the 200 dma. But the S&P did not and that is the more visible chart.

Attachment 46260

Breadth dipped, but not much and remains bullish.

NAAIM came in solidly bullish today, which means I am now flipping to full bull mode.

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