Breadth breaking bad $study

Breadth broke a little with yesterday’s price action.  The markets need a reason to rally and that has not been furnished.  They have waited patiently, flying in a frustration holding pattern for the last couple of weeks, but the bulls are getting tired from the defending and it is starting to show up in breadth.  Bulls need a good showing today.

Zweig making a lower low:

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Our CVI is starting to show signs for rolling:

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The 40 DPI looks the same as the CVI:

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The NH/NL looks like it is slip sliding away:

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Our trends are still mixed, but the 4 week Cumulative NH/NL index has slipped from bullish to neutral:

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