Breadth just starting to get a little interesting, would like to see a retest of the highs to see how strong the under-carriage is. $study

The Zweig is showing a decent bounce, should that get high enough and scare out the shorts here, we could get close to a re-test of the highs.

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The CVI is looking a little suspect here.  It needs to really get moving over the next couple of days if the bulls are to gather some acceleration.

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The 40 DPI is also slow out of the shoot with the weak opening, this is due to the weak close.

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Bullicous.

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Our Trenders are split with the McCSI remaining bearish and not budging from that and the Cum-NH/NL just looking fine, but watch as that 15 DMA catches up… Getting close.  A good cross there on weaker breadth and we are screaming “TIMBER!”.

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