Despite the panicked close on Friday, the breadth, while weakened, remains fairly ok and stretched to logical bounce areas.

Our Zweig is down to the 43 area:

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And while price is making a lower low than mid-December, CVI is relatively stronger; that is a bullish divergence:

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Not quite the same for the 40 DPI:

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Our NHs/NLs hasn’t suffered much and there was actually an uptick on Friday!

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Our trenders are suffering but they are not ready to call a downside trend yet.   It remains a waiting game as the quality of the bounce is determined.

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