We have lingered here long enough that with the downside move and the sideways action, breadth is putting in some bearish divergences. We are waiting for the 2nd trender to confirm a bearish setup.
The Zweig sits at two lower steps down.
Along with the 40 DPI:
and the CVI:
Our NH/HL is not able to bounce back:
We have a split decision on the trenders:
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