This Week New Highs vs New Lows surpassed the July/August Bear Mkt Rally level, just about. It peaked around this level last time around before we moved down to make new lows. $SPX $QQQ

Looking at the % of Stocks above Moving Averages though we see a very important difference and that is the % of Stocks above the 200 MA. This shows much wider participation. $SPX $QQQ

Here is the information on one chart for $NASDAQ & $SPX. We are certainly at a point of a pullback being required and next week will certainly be interesting but it's difficult here not to be looking for RR to get long again on a Pullback in my opinion.