NQ1!, Buyers remain in control

Not much has changed from the sentiment perspective. A pullback to 20MA provided a strong reaction. Buyers are willing to buy at higher prices. The negative divergence remains intact though. But this is not a sell signal.

A better than expected earnings from MSFT and multiple confirmations from Feds regarding the rates cut only add to the bull case.

Remains cautiously bullish.

07/18/2019