As anticipated, the market moved higher once again. For hefty gains too. Price on the DWCPF has now recaptured its 50 dma. Both charts have improved quickly, but there is more work for the bulls to do before they can relax.
Cumulative breadth, already bullish, moved higher still. The CBOE remains bullish.
I suspect the market will digest gains soon. I don't think it can rally on without some consolidation. The DWCPF has some catching up to do as well. I really would like to see that index outpace the S&P as it would lend more credence that the rally might have legs.
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