Breadth is Improving, But We Are Holding Our Breath Waiting For Some Unraveling

This is the rally attempt we have been waiting for.  Now as we approach back to the highs and set up these price/index divergences ( that is to say we are making price levels on weaker breadth), the question is, is that weakness or is that reserved news to take us even higher?  The NH/NLs are the key here, they can't show a divergence.

Our Zweig has a nice double bounce, now it needs to get above the 60 area to convince us that more upside is coming.

The CVI is running just a little behind right now:

The 40 DPI is making a nice recovery.  That, too, has to be into the 70s and then 80s:

Our NH/NLs are back in the 90s:

For the Trenders, they have both left the bear's camp and gone neutral.  We are not sure that a return to the den isn't in the works.