The market ended higher today and should open up tomorrow after NVDA’s good earnings report. Is this a resumption of the rally? The market has bounced off support and is now range bound.
New monthly lows have begun to diminish and new highs expand slightly. All the metrics are now looking for a bottom.
Here is the one chart that has most of my interest. It is quite possible the market continues to move higher. I am not convinced it will keep moving higher much longer. If the rolling 52 week NHNL can’t get above zero in the next few weeks as the market recovers, this market bull market very well could be over.
