The little pullback late yesterday afternoon wasn’t bullish, but not ridiculously bearish either. Kzc13 went from xFF to xCF and the daily signal went from x7 to x6. x6 and x2 are the weakest daily signals lately. They both indicate positive CO and negative OC, x6 shows RR is positive.
This morning’s weakness is trivial at the moment. The market may have been buoyed this week by the peaceful, if extremely annoying, transfer of power. That phase is definitely over at this point.
