Last week, the market pulled back. The market has been fighting early weakness at the open of late, but so far the technical damage is nil.
Attachment 45474
Attachment 45473
The S&P fell almost 1.25% on the week, while the DWCPF only lost about 0.3%. The charts still look quite healthy.
Attachment 45472
Breadth dipped, but it remains bullish.
The CBOE closed bearish on Friday. That means selling pressure may bleed into Monday. TRIN and TRINQ were flat (neutral). NAAIM remains very bullish, so this weakness is not likely to last or do any serious technical damage.
Monday looks bearish, but I am looking for a turn back up at any time. I remain bullish.
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