[malaguti]

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

Note: I've marked up the charts with my interpretation of the current Stages. The Nasdaq Composite had a strong turn around this week, after falling back into it's Stage 3 range last week, and closed the week just back in Stage 2 territory. Small caps put in a new closing high and so remain in Stage 2, but the other indexes all remain within their Stage 3 ranges, but closed above their 30 week MAs. The S&P 500 also looked more constructive, and is now in a good positon to attempt a Stage 2 continuation breakout after rebounding strongly off of it's 30 week MA.

Interesting analysis for stage 3 on SPY
30sma is rising. no lows taken out and rising higher lows, just no higher highs