As expected, we got some weakness today. And as also expected, the downside remained contained.
S&P 500.png
DWCPF.png
In fact, while the DWCPF dipped modestly, the S&P 500 managed to eke out a gain. Both recovered from early selling pressure.
My indicators are rather neutral this evening, though breadth is still bullish. The OEX is bearish this evening, while the CBOE is leaning bullish.
The OEX suggests we may have more downside pressure coming, but it still should not amount to much with the CBOE leaning the other way. I'm thinking we may be in for a choppy day of trading.
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