Overbullish But No Longer Overbought

The market has now spent the seven days since the jobs report trading sideways, which has helped work off the overbought reading. Unfortunately, the sideways action did not do much to relieve the overly bullish sentiment. While I could see another push higher I don't believe it would make it very far. A pullback would be healthy but might not be in the cards yet. Have  a good night.

 

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