[isatrader]

That must state dragging the indices down unless there is a powerful and sustained surge upwards very soon? (rhetorical)

Not necessarily. As the breadth can stay weak for a long time, but not always cause the market to rollover into Stage 4, as sometimes it's enough that the majority of stocks have had a significant correction while it's being held up by the few stocks doing well, and then the market continues on higher. But what breadth is especially useful for, is gauging risk. So with fewer and fewer stocks holding up the market at this point, the risk of Stage 4 is increasing, but not a forgone conclusion.