[isatrader]

Here's the weekly overview charts of the NYSE, Nasdaq, S&P 500, DJIA & S&P 600 small caps with their US Bullish Percent and Moving Average Breadth.

Note: the short term breadth has moved in the lower zone below 30% of stocks above their 50 day MAs. So probabilities for a bounce is increasing as the market rubber band gets more stretched to the bear side in the short term. Also, of note is that most of the indexes are still above their 61.8% Fibonacci levels from the recent advance since the December low. So are getting to short term oversold levels in the breadth, and still on the bullish side of things in terms of depth of the pullback from the highs imo. So interesting times.

                       


And here's the end of May monthly charts too, for some broader context.

Note: Looking at the recent past on these monthly charts. I'm seeing a similar pattern to early 2012 in this years price action and the moving average breadth indicators levels so far