[isatrader]

The breakdowns slightly beat the breakouts for a change with 16 breakouts and 17 breakdowns this week in the S&P 500, giving a flat profile for this weeks action on the cumulative chart. The oscillator chart, which shows the same cumulative data, but in a flattened format relative to the 20 day MA, tells a slightly different story, as it looks to have put in a lower high relative to the 20 day MA, which I'm using as the signal line. So although it's above the 20 day MA still, I'm moving my rating for this one to a neutral bear alert status, due to the divergence and loss of momentum in the breakouts. Attached is the charts.