Daily Market Commentary: Wide Range Day
But really, it's all about breadth, and other than the Percentage of Stocks above the 50-day MA (which has topped), other breadth indicators support a continuation of the rally.
Friday could see the market push back (higher) but as each day passes the narrow trading range which is developing could turn into a significant supply zone should markets snap lower for just a couple of days. Bulls need to push - and push soon - if they are to keep their advantage.
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