Breadth not cracking, in fact, building a base for the bulls $study

The breadth is shaking off the previous signs of falling apart and building some real strength.  It is the New Highs / New Lows which really have not faltered since the June low.

A higher high on the Zweig was established on yesterday’s market action.  That is bullish:

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Our CVI has not confirmed that higher high yet so it sits in a possible bearish divergent mode:

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The 40 DPI has that higher high in now. Bullish:

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The new high / new low indicator is holding near the highs.

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Our trenders remain bullish.  The cumulative 4-week new high /new low looks very bullish, while the McClellan accumulator has yet to put in a higher high:

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