Strength remains
For now it seems like some of the strength of Friday's rally still remains even after yesterday's retracement. PPM 1 is on its way to trend mode. However PPMs 2 and 3 are still languishing around no-trend territory. Hence for now I'll still be cautiously bullish. The angle of attack on the 10 SMA is still strong, indicating that this moving average is still on its way up. As always, market does not go up or down in a straight line, so expect some pullbacks along the way.
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