Coolhand's Market Analysis

Originally Posted by coolhand

After a pretty good run to the upside, the S&P finally had a pullback. But even the pullback closed well off the lows of the day. Sign of strength even in weakness? The DWCPf continued its struggles, but like the S&P it closed well off its lows of the day.




The S&P chart remains bullish, but we'll have to see if Tuesday's selling carries over into the rest of the week. Price on the DWCPF is fighting resistance again, but the afternoon rebound at least gives the bulls hope that the selling is temporary.



Breadth dipped, but remains bullish.

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