Coolhand's Market Analysis

Originally Posted by coolhand

Both the bulls and the bears have something to be happy about depending on the index you follow. The S&P made it 3 straight up days at the same time the DWCPF declined 3 days.




So, while the S&P continues to rise, the DWCPF continues to fall, but not enough to cause an serious technical damage (so far).




Breadth ticked higher on the day remains bullish.

Obviously, the 2 indexes won't continue to move opposite directions forever. A pullback by the S&P remains very possible. I remain neutral.