Breadth today is quite weak, but we are already 10 points higher premarket. One of our trenders is neutral and one bearish as we continue to get chopped in 2-4% moves. Very turbulent and not the type of market conducive to setting up a bull market.
Our Zweig index is lower, but certainly recoverable. The bulls need to bend this index up and above that 56 area.
The CVI is also not making a lower lower, so this is neutral to bullish still.
The 40 DPI is in the same state:
The NH/NL is even more bullish:
Trenders, however, are turning to the bear side: