NYSE Advance-Decline Line

Mike Paulenoff By

During the last few sessions, the A-D Line has improved a bit after testing its support line from last October (see my attached chart). 

This week's improved breadth data have propelled the Cumulative A-D Line above the nearest resistance line from the early-Feb. downside reversal. If the A-D Line can continue higher and take out the mid-April high, it will be in upside breakout position-- much improved from where it was at the end of May...

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