Coolhand's Market Analysis

Originally Posted by coolhand

It was another sloppy trading session today with the S&P and DWCPF both posted modest losses.




We can see that price didn't move all that much on either chart. The S&P and DWCPF both seem to be hitting resistance. It's as if the market is telling the bears "I'm ready to roll over, you can short now". And then the market will likely take off once again. Yeah, the bears love that game.



Cumulative breadth looked good today despite the negative close. It remains bullish.

We get to see what NAAIM thinks of this action tomorrow when they post their latest sentiment reading.

I remain bullish for now.