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 and double bottom breakdowns for those that don't follow the thread.
Note: On the cumulative P&F double top breakouts minus P&F double bottom breakdowns chart, this week closes with a minor close above the March highs, which I consider the top of the Stage 3 range. So a potential move back into Stage 2 possibly from this breadth chart. However, the short term 10 day MA oscillator chart is currently at the top of it's normal trading range, and so it may need to return towards the mean first before a bigger move higher could happen, although there's also a chance that it may breakout of that trading range. But on the normal price action it's in the overbought range in this short term measure only, whereas the longer term measures remain in good positions.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.