[isatrader]

This week saw the S&P 500 Cumulative P&F Breakouts - Breakdowns chart begin to rollover towards it's 20 day MA, which I use as the signal line. It hasn't crossed below yet, but the Oscillator chart - which is a flattened version of the cumulative chart with the 20 day MA as the zero line - shows the divergence from the January peak to the March peak which is notably lower and the figure is now only 8.5 points from the 20 day MA, and so could be reached next week if the short term negativity continues.