Cumulative P&F Breakouts - Breakdowns custom Breadth charts
Attached is my updated custom breadth charts that I do based on the daily point and figure double top breakouts and double bottom breakdowns.
Totals for the week:
+240 double top breakouts
-265 double bottom breakdowns
-25 net breakdowns
Note: The cumulative line is below the 20 day MA after making a lower high, with MA oscillators all neutral or negative and showing a volatility contraction across the board, which is highlighting a loss of momentum in the advance.
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