RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
S&P500 versus Russell 3000
The index [1] looks like it is forming the right shoulder of a head and shoulders pattern. The Weinstein Momentum [5] index has been below the zero line now for a while. THe % stocks above their 200 day EMA has been hovering just above 50% but from the trend in that graph might cross below 50%. The Gold Cross Index [15] is just above 50% but in a long term downtrend. A break down in the index would not be a surprise.