Breadth is improving, but we are holding our breath waiting for some unraveling $Study

This is the rally attempt we have been waiting for.  Now as we approach back to the highs and set up these price/index divergences ( that is to say we are making price levels on weaker breadth), the question is, is that weakness or is that reserved news to take us even higher?  The NH/NLs are the key here, they can’t show a divergence.

 

Our Zweig has a nice double bounce, now it needs to get above the 60 area to convince us that more upside is coming.

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The CVI is running just a little behind right now:

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The 40 DPI is making a nice recovery.  That, too, has to be into the 70s and then 80s:

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Our NH/NLs are back in the 90s:

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For the Trenders, they have both left the bear’s camp and gone neutral.  We are not sure that a return to the den isn’t in the works.

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