[isatrader]

Here's the quick overview charts of the US Bullish Percent and Moving Average Breadth.

Note: The S&P 500 made a Stage 2 breakout this week, and the NYSE and Nasdaq Composite charts are both just under their breakout levels, and the weight of evidence from the market breadth continues to strengthen with the weighting firmly on the bullish side of the scale currently, but not extended, after the recent flush caused by Brexit fears. So the potential for Stage 2 advance in the US is there imo, as the weight of evidence and price action are in place. But we will see how it develops over the next week or so.