Breadth is in a Tight Spot for the Bears
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One of our trenders went to neutral based on yesterday's rally and hold. That leaves us in a tight spot here.
The Zweig is just short of breaking the down trend, so it is turn or run here:
The CVI is back above the trendline:
our 50 DPI is looking pretty ragged and bearish:
This has been the bulls best friend so far, and it continues to look pretty ok with no score below 40.
Our trenders are on a split decision with the Cumulative NH/NL (there's that bullish Nh/NL at work) putting in a neutral score and the McCSI continuing on its bearish track.
Originally posted here.
Posted in: Markets, Trading Ideas
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