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Coolhand's Market Analysis

Fresh Highs on Tap? Posted by Coolhand

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coolhand
, 07-29-2020 at 04:06 PM (473 Views)
Quote Originally Posted by coolhand View Post
The bulls posted some pretty good gains today. In fact, the DWCPF was up over 2%.

namor's Vegas Boxer account-s-p-500-png
namor's Vegas Boxer account-dwcpf-png

That index (DWCPF) saw price close just above its previous closing high by just a hair. The S&P is not far from its own high. But momentum is largely flat and that's why price seems to be moving in a sideways fashion.

namor's Vegas Boxer account-nyad-png

Breadth posted a fresh high and remains bullish.

NAAIM reports tomorrow. I remain bullish.

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