RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
S&P500 v Russell 3000 - redrawing recent support / resistance lines on the stages
I've redrawn the recent resistance/support for Stage 2 and Stage 4. Takeaway is, the current pattern of higher lows in the number of stocks in Stage 2 and lower highs for stocks in Stage 4 indicates that we are still bullish. On that basis we have higher to go to make another new high.