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“To boldly go where no man has gone before” was made made popular by the “Star Trek” series back in 1966.
The Wilshire 5000 is taking investors where they have never gone before, as it breaks into all-time high territory at (1) in the chart above.
The NYSE Comp is currently 13% below the highs set back in 2007 and is facing an important line in the sand, dating back to the late 1990’s at (2). The line reflects several emotional highs/lows over the past 13 years.
The Wilshire breaking to all-time highs reflects quality broad market price action. Can the NYSE break above resistance at (2) and work towards taking investors to where they have never gone before? A break above (2) would be a good sign for the markets!