S&P 500 Cumulative P&F Breakouts - Breakdowns
Attached is the updated S&P 500 Cumulative P&F Breakouts - Breakdowns charts which broke below it's 50 day moving average early this week, but didn't recover back above it, and so is the most negative it's been since November last year.
The totals for the week were 15 breakouts and 33 breakdowns, which takes the total tally for the month of June to 62 breakouts and 152 breakdowns.
I've also included and extra chart which shows the straight P&F Breakouts minus Breakdowns 20 day moving average on it's own to make it clearer, as it's hard to see on the normal chart. Currently, it's in bearish territory below the November 2012 low and the zero line.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.