Friday’s action sprang from decent jobs data, a Euro-fed bond buying threat, and no intervention from the USA Fed for now. It was almost organic. The results put our trenders on the same page today. You will notice a theme in the charts with an erasure of our bearish divergent concerns.
You see the Zweig is now officially wedged with lower highs and higher lows:
Ditto for the CVI:
Our 40 DPI is in the same boat:
The NH/NL ratio a 3 peat:
And the trenders are both Neutral: