Wilshire5000 composite index (Daily & Weekly) Ichimoku

The Wilshire 5000 Total Market Index shows a perfect snapshot of the U.S. stock market. The index measures the performance of all U.S. equity securities with readily available data.

Below are the $WLSH daily and weekly charts for this week, and what we can say is "just wait and see"... although most ETFs are already over their MM50 (see below charts).

Wilshire 5000 composite index (Daily) Ichimoku

Wilshire 5000 Index Weekly

Top increases and declines all time and the past 52 weeks for this index can be found here. And the ETFs at a glance confirms the stand-by situation:

S&P500 ETFs at a glance