Coolhand's Market Analysis

Originally Posted by coolhand

It was a choppy morning session on Tuesday, but the afternoon session belonged to the bulls.




The S&P continues its movement higher. The DWCPF gained as well, but it's still in no-man's land (neutral) with a modest bullish bias (overhead resistance).



Breadth has almost stalled the past few trading days, but remains bullish. It's possible the market is getting ready for another turn back down, but we did have a bullish NAAIM reading, so I'm not convinced the upside is over (for the S&P anyway). Still, why is breadth stalling? Just something to watch.

I remain bullish on the S&P and neutral on the DWCPF.