It seldom gets this simple when looking for intermediate to long term signals in the stock market. The Russell 2000 closed on Friday at 800, the mid-point of an increasingly mature Balance Area as the US stock indices are testing 2012 highs. Any break to new highs by the S&P, Dow or Nasdaq 100 is suspect if the Russell 2000 cannot quickly follow and close above 827. A close in the Russell 2000 below 767 is an initial intermediate term sell signal for the US stock indices.
