Day 8 Zweig Breadth Thrust Watch.. chances are fading.. $SPX

The last two days of trading have really held back or Zweig and now with two days left it will be difficult to get the ad lines up there.  I did some reverse calculations for the exponential moving average the Zweig uses and calculated that we would need a 9:1 adv/dec line tomorrow to reach the 61.50 required to produce the signal.  That must be the closing A/D, it doesn’t count if we hit it sometime during the day.  That on Friday OPEX is going to be hard to do. Keep watching

 

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