[isatrader]

Could it be that we are taking a break and a stage 2 continuation will occur? Back in 2015 when the situation with Greece happened, the indexes broke below their 30 week moving averages and formed double bottoms, only to take off again about a year later.

I guess that is the nature of Stage 3, it could go either way in Stage 3 always, which is why I think the market breadth is key, as they are a leading indicator, whereas the indexes are lagging.

I'll do a full market breadth update at the weekend, to try to get an idea of the Weight of Evidence currently.