Coolhand's Market Analysis

Originally Posted by coolhand

The market fell hard at the open today, but the bulls immediately countered and eventually turned price back up. It took the entire trading day, but the bulls did close the market mixed, which was a victory in itself.




Still no serious technical damage, but are the bears done? They might be (see below).



Breadth ticked higher on the day and remains bullish.

NAAIM came in heavily bulled up today. The bears have thrown in the towel in this survey. That's a huge clue because it suggests that the uptrend may be about to resume.

I remain bullish.