Stocks above Key Moving Averages on the $SPY. We are always most concerned about the longer term averages. The 20 Day swings normally but the 200 Day should stay strong in a Bull Market or in a transition to one.

The $NDAQ is looking weak. Very weak under the surface and close to slipping below 30% which is Stage 4 territory.

New Highs vs New Lows play this one out. Big New Low spikes on the $NDAQ. Not what we want to see.