[isatrader]

As those who follow the daily S&P 500 breakouts and breakdowns thread will have seen already, it was another strong up week, with 41 new breakouts and only 2 breakdowns in the S&P 500. This has continued to push the Cumulative P&F Breakouts - Breakdowns line to new highs. So far this month there have been 98 breakouts and just 5 breakdowns, so the bulls continue to have control by this measure.