Breadth looking like it wants to take a break, but those new highs / new lows… $study
Those New Highs / New Lows remain so strong, and our cumulative NH/NLs keeps us in an upside trend, but patience is beginning to wear out.
The Zweig looks correcting.
The CVI, again, just following price:
Our 40 DPI is just starting to curl again now:
New Highs / New Lows – What can we say… soooo strong
The Trenders are once again split:
The McCSI has again moved its one day bullish score to neutral, not quite ready to stay on a side yet.
The slowing upside momentum is taking a toll on the cumulative NH/NL index, giving that 15 DMA (the dotted line) a chance to squeeze back in. A cross below and we start sounding the bear sirens.
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