[pcabc]

S&P500 v Russell 3000

This has pulled up after making a new low [1].  Certainly looks like a Stage 4, the 150 MA is flat, or actually turned downwards minutely.

The cummulative new highs minus new lows are moving down and are below their 100 day SMA [4]. The Weinstein Momentum and related 1% Advance / Decline are below zero [5] & [6].  Over the last week there have been upticks on the McClellan Oscillator [7] and its volume equivalent [9].  THe % stocks above their various EMAs have upticked [11, 12 & 13]. However, the Silver Cross Index [14] has not and the Gold Cross Index [15] has passed down past 50% [15].  All in all bearish.