Well, you can't be sure what may happen on any given day in this wacky market. I was leaning bearish on the options market reading, but we got a shot to the upside instead. I'm sure you'll take it.
S&P 500.png
DWCPF.png
So, price on the S&P is back in its upper trading range (resistance) at the close. Price easily cleared and closed above the 200 dma on the DWCPF. Momentum is turning up again. But we're still in the trading range on both charts. Breadth spiked higher today and back at the upper end of range. Volume is bullish on the NYSE at the moment.
The options are neutral this evening. NAAIM backed off their moderately bullish stance a bit and are now about neutral.
I just don't have anything to point to that might give me a clue how long this market bounces around. NAAIM's reading leads me to believe we have more up/down action coming. Friday looks neutral. The TSP stock funds are currently sporting gains for the week. Hopefully, the bulls can close out the week and keep those gains.
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