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Coolhand's Market Analysis

200 dma Disappearing in the Rear View - Posted by Coolhand

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coolhand
, 06-03-2020 at 04:56 PM (606 Views)
Quote Originally Posted by coolhand View Post
The bulls had their way with the market again today.

namor's Vegas Boxer Account Talk-s-p-500-png
namor's Vegas Boxer Account Talk-dwcpf-png

The 200 dma on both charts is now quickly disappearing in the rear view mirror. Momentum continues to rise. RSI is near overbought, but that may not be meaningful in a market that might be on a mission.

namor's Vegas Boxer Account Talk-nyad-png

Breadth continues to look strong.

NAAIM reports tomorrow. Will we see a stronger bullish reading? We might. It's always interesting to see what they are doing week to week.

I remain bullish.

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