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Technical Analysis

US Stock Market Breadth Update - 29th November 2020

Potential Major Market Breadth signal that the Bull market is still only just beginning. The 80%+ level has only been reached twice before in June 2003 & August 2009 as you can see attached. So although in the upper risk range. A major sign of strength.
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In Focus: Bitcoin approaches all time highs

Since the Stage 2A breakout point on the 27th July 2020 its moved in textbook fashion with an initial rally and pullback to setup for the secondary B entry point, and then made a Stage 2 continuation breakout higher on the announcement by PayPal that US users of PayPal would be able to start buying and selling Bitcoin directly from the PayPal app, which has driven the Stage 2 advance towards the all time highs.
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