Breadth Still favoring the bull, we could get a Zweig oversold if we get more downside today $Study

Breadth still showing that this is a counter-trend move in a bigger upside trend, that hasn’t changed.  Both Trenders now are sitting in the neutral camp.  We expect price to still show some upside reaction.

The A/D lines were pretty poor and that has driven the Zweig down to the 47 region.  It should be bounce time from here.

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The CVI is looking good for the bulls for a bounce:

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The 49 DPI remains a problem:

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We would like to see these levels here on the NH/NL preserved:

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Our trenders are now both neutral, but the cumulative NH/NL actually had a nice day yesterday and is triggered to go bullish if we get some positive movement today.

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