[isatrader]

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

Note: the Nasdaq Composite joins the small caps, closing the week back in Stage 2 again for the first time in many months. Although the closing price was barely above the high, so it's not a confirmed yet. Other positives though is that the S&P 500 and Dow 30 both made breakouts within their Stage 3 ranges, and are approaching the tops of their Stage 3 ranges. So there's potential for those to also move back in to Stage 2 in the coming weeks if the momentum continues in them.

Another promising development this week for the weight of evidence was that the NYSE Bullish Percent Index, which is the long term indicator for the market, had a double top breakout and moved back to Bull Confirmed status.