Bullish Percents remain mixed
Significant gains for the market helped undo the bearish threat which Monday's support breaks promised. However, not all the damage was undone; bullish percents of large caps are still bearish:
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s0qKxv9CIZdrf0DZH6fjPIEoo-8D-rDpVQV6IE9MOuAWqFe5WdligEbcjM0QFLd6-IYbylwzDBOMJqGZqe8LCZGq4YPfx8UvNxBLIf0fT4_BKtuCbYQLoup7AwHPo_eVKTGdw=s0-d)
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sOY6s7yUUHFy8JhHz7LczQmGwkuh0OjeD6QKn0jqTyOArAGlpqNU3ozYUFcQA5f7WVCQKn-OCOK5XCphoibp542y5kdXMYAJxFCA0cknhQ86k-_woNKBax1CXQP_Qh0VeYXF4=s0-d)
Although in effect, what we have are sideways patterns in the markets. I would not be surprised to see markets spend their entire August in this range.
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vy5_N77AeX58VlUf5hbd-y1hcOT7z2GB591n6gcWj7PIynOokLlST7sGpRwC5vYRynys1e1sQ6fhADwmC0WcQzdYTxmX-HMxGNmwuL-lH2_T-VIPbdY4vSX_d82_qv1pphtw=s0-d)
Will the Russell drift upwards as it did in May?
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vb59nP8muMEF7rmItsFOilEbCiI9kLeZ0MBf7nKxrlZFPWVMKC2fwk3GcJcsDKmylDkODfeOBqDBSCFK8T6l6IBlcLHtTu3EVw-oQdvfEHKT18yWagizNgjsAHVo8gEJCAcw=s0-d)
What of the Nasdaq? 50-day MA very near
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uYOaR9gM_tKmJZZbYQQSCJKm-WZxSYoWBQnLfLLHQMREri2wHKC1zErQ2Q74gLr73AdXUg42fIeH_JWLgctF6CWFXkC5ILweAmHwr7yxrqyxRvZZv9N-vxXEgfSkYuP5eB=s0-d)
Same with the Dow:
![](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_t8qTJEeKwxt_asdy0uS8tJX1br1VLGFo7FnHayBkdQrajnrQWHUi6830mF6lBAy6aw1uLLaGbuSBqr6lgWytexE1GhYNN7sQYi83QHYk_U5Nf5CtLEjjbN259okKI0MG9G=s0-d)
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
Although in effect, what we have are sideways patterns in the markets. I would not be surprised to see markets spend their entire August in this range.
Will the Russell drift upwards as it did in May?
What of the Nasdaq? 50-day MA very near
Same with the Dow:
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website