Breadth remains neutral for a 2nd day.. Market is trying to decide $Study

Our Zweig Breadth Count took a step back, looking even less likely that we are gong to get a clear signal from the market that a longer term rally is on, at least not yet. If I have the count right we are starting day 7 today.

 

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We complained that we did not have pattern to read off these charts.  That is just starting to setup now as we look for higher lower and highs or vice versa.

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The 40 DPI looks identical to the CVI above.

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The NH / NL is starting to create structure also.

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Our trenders returned to one day bearish for bullish.  The one day move keeps our rating at neutral as we look for a follow through on a 2nd day.

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