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Coolhand's Market Analysis

Bears Get No Traction - Posted by Coolhand

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by
coolhand
, 04-12-2021 at 06:55 PM (484 Views)
Quote Originally Posted by coolhand View Post
The market spent the bulk of its day underwater on Monday, but the bulls managed to push price back around the neutral line by the close.

7 Oct 04 Worse Day of the Year - Market Timer Back-spx-png
7 Oct 04 Worse Day of the Year - Market Timer Back-dwcpf-png

The action changed nothing. It was just a sideways kind of day.

7 Oct 04 Worse Day of the Year - Market Timer Back-nyad-png

Breadth dipped just slightly and remains bullish.

I am keeping it short tonight. I remain bullish on the S&P and neutral on the DWCPF.

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