[isatrader]

Attached is the updated Advance Decline Breadth Charts, including the cumulative AD line, momentum index, cumulative AD volume line, 10 Day AD oscillator and the McClellan Oscillator and Summation Index.

The cumulative A/D line tested the continuation breakout level again this week and once again rebounded higher which suggests imo, that currently the line of least resistance is still higher. And also it had a large Stage 3 pattern through the summer while the market moved higher, so that seems suggestive of rotation imo.

The Momentum Index continues to drift gradually lower, but is still well above it's zero line.

While the 10 day moving average A/D line oscillator is currently in the neutral zone with a slight bias to the upside after making a higher high. So it's neither overbought or oversold and hence the market has room to move in either direction.