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Coolhand's Market Analysis

Quick Turnaround to New Highs - Posted by Coolhand

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coolhand
, 08-12-2020 at 05:40 PM (601 Views)
Quote Originally Posted by coolhand View Post
The bears hopes of turning the market hit a snag today as the bulls sent price(s) to fresh highs on this rally. Is it really a surprise given smart money is bullish?

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

Yesterday's pullback was simply that; a pullback. There is still no evidence that anything has changed. The charts are bullish, period. But I don't want to ignore potential resistance at the February peak, which is drawing closer.

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Nothing wrong with this chart either. It hit another high and remains solidly bullish.

Need I say what my sentiment is?

NAAIM reports tomorrow. See you then.

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