RE: Stan Weinstein Stage Analysis and Market Breadth
Breadth followup
Hope no one minds the repeated charts. Some trendlines added and also the mid and small caps.
SP500, 400 and 600 (Large, Medium and Small):
This illustrates the mid and small caps having broke support but the the large caps are not quite there yet. I wonder if the low could go as low as the previous one. However, I have also drawn trendlines on the price and advance / decline and advance / declining volume. If I have this right, which could be debatable, then in the longer term things might be positive? But the prices are making lower highs. This is over a six monthly period, given my charts are daily, will this hold over such a period? Worth also showing the NASDAQ100 against its breadth, its price trendline slopes up, its A/D falls, and A/D volume is rising.