WLSH Wilshire 5000 Composite Weekly Chart

WLSH Wilshire 5000 composite weekly chart shows the same characteristics as the other major indexes. The money flow is not as exuberant, however, so perhaps many traders are abandoning the smaller cap broad markets to use the money to pay bills while at the same time trying to hold onto blue chips and tech stocks.

The histogram and stochastics are agreeable to more downside and their negative divergence pulled price off the top, but, the RSI remains long and strong. Thus, price will want to come back up again to test the previous high, this move should allow the RSI to line up with negative divergence and then the index will be ready to roll over for an extended period. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.