[isatrader]

Another week, and another new high for the S&P 500 Cumulative P&F Breakouts - Breakdowns chart, which added a further +59 to it's total. Since the start of May there have been 163 P&F breakouts and only 13 P&F breakdowns in the S&P 500. So again there's still no let up in this bull move currently.

The distance above the 20 day moving average oscillator chart suggests some caution though, as it's reached it's highest point since I began tracking this data, and so is very extended in relative terms.