On the Zweig we finally broke to the downside and earned our first Zweig reading below 50 this year. We would like 2 more days of weakness to allow the market to gather itself.
Nice downside volume on the CVI:
A plunge on the 40 DPI which is ready to go into upside mode soon we think:
Still not what we want to see on the NH/NL for downside. This remains very strong:
A Bearish Neutral on the McClellan Summation Index:
The New High / New Low Cumulative remains un-phased: