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.
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.
The 40 DPI looks identical to the CVI above.
The NH / NL is starting to create structure also.
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.