This is just a quick update to note that since the breakout the Index has continued to steadily rise value.
The Saudi Index remains in its strongest trend conditions with the short, medium and long-term trends all continuing to point upwards.
One potential dark cloud is market breadth. Although breadth remains positive the number of stocks participating in the market rise has fallen. This is something worth keeping an eye on. If breadth continues to deteriorate then it may signal a pause in the current market advance.
