[isatrader]

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

Note: the US markets remain in Stage 3. However, the push below the 30 week MAs was rejected again, and the weekly candles all managed to close above it with only minor negative changes from the previous week. So the markets are forming some shorter term ranges which will help guide on direction depending on which way it breaks from it.

The Bullish percent and moving average breadth remains in the middle ranges around the 50% to 60% range in most, so are neutral currently which is a sign of consolidation range. i.e. what we see in Stage 3 or 1.

As I've said previously, remain nimble, minimise your risk and focus on the quality of your trades, as Stage 3 is very much a volatile traders environment for both longs and shorts.