...what do you think of two days of negative breadth?
The market is currently in a "pause to refresh" mode that may last into early next week.
Do you think we may have a pull back before going higher. And if you think so, how deep can this pull back be?
I would expect a high level price consolidation, with any real pull back to be more of the intraday variety (ex: lower opens with firming throughout the day)...what I've been calling "correcting on the fly" since last summer.
Near term problems include "overbought" Open 10 and volume oscillator readings. Intermediate term, volume up/down plurality (conviction of money flow) has been phenomenal and promises higher prices to come.
Fib
