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S&P500 v Russell 3000

   
'Price' [1] just bounced off resistance, black trend line.  The earlier downward trend line was not met by the most recent low, but we have not had a higher low.  So still bearish based on the value of the index.  Breadth is stronger, my long term score [B, grey] is almost crossing above the zero line.  The % stocks above their 20, 50 and 200 day EMAs [11-13] and silver and gold cross indices [14, 15] have all strengthened.  The Weinsein Momentum [5] is kissing the zero line and the 1% A/D has just crossed above it. Of course breath will climb on a rally as well as after a bottom, so care is needed.  We had a similar increase in breadth a few months back but that was just a bear market rally.

FTSE TechMARK Focus
   
This continues to be the exceptional stronger chart.  However, the value of the index [1] has not made a higher low though it is making higher highs.  So one to watch, but a higher low is needed.