We had some really strong movements finally in the New Highs / New Lows, along with our 40 DPI.
The Zweig sits just above the oversold area now (40).
CVI = PRICE:
We were watching for follow-through and we got it. Remember, though, we are still contained in the 3% pull back area.
How’s that for a move. It should be a one day wonder, which means bounce, and it will be amazing to watch where it is tomorrow.
Trenders have left the bull side. Watch that CUM HN/NL, it is about to do a dangerous cross.