[isatrader]

The Nasdaq Percentage of Stocks above their 50 Day Moving Averages Chart moved back to Bull Confirmed status on Thursday and the longer term term Nasdaq Percentage of Stocks above their 200 Day Moving Averages Chart is at a significant point, as it's only 0.02% from making a quadruple top breakout on the P&F chart, which would move that back to Bull Confirmed status which it's not seen since a very brief period in July last year, and before that it had been on Bear Confirmed from Oct 2013. So this would be a significant move imo, as it's would also be above the 50% level after flushing below the key 30% back in October 2014. This could be significant!