Zweig Crossing Day 6 today, bulls need to push a new high

 

We are starting Day 6 in the slow spectator sport of watching for a Zweig Breadth Thrust, a rare bullish signal that occurs when the average of the NYSE A/D line moves from oversold to overbought (40 to 61.5) in a ten day period.

 

Yesterday's NR7 gave us a step back, today needs to really put the pedal down.  The numbers are setup over the next few days to give the bulls a chance and they need to buy.

 

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As long as our breadth charts are making higher highs and lows I feel ok about the price action.  So a quick chart check here and the CVI's highs are higher but just barely and that needs watching…

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Our 40 DPI is developing nicely..

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The New Highs/New Lows ratio is a great chart and that is looking good in here.

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The McSI is our slow boat and no sign of turning.  That would make us a bit more bullish.

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We are getting some chop in the 4WHL indicator.  The bulls need to move else we will retest the lows.

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