[pcabc]

S&P500 versus Russell 3000

Breadth is unquestionally bearish.  Price [1] is showing a classic Stage 4 downtrend.  New highs - New lows are -ve [3] and the cummulative version of this is headed downward below its MA [4]/  The Weinstein and 1% A/D momentum lines have been negative for a while and headed downward [5 & 6].  % stocks over the 50 day EMA is below 30% on a downtrend [13] and the % above the 200 day EMA is at 30% again on a downtrend.  Silver and Gold Cross Indicies similar [14 & 15].  My personal aggregate  scores for medium and long term are as low as they can go [A & B].  I'd consider any short very short term trends as just noise at present.  To my eyes there is no indication of any strengthening.