Breadth Update From Friday's Close: Expecting Continuing Weakening This Week
Breadth continues to un-ravel. We are now looking to see if we can get some oversold signals to being bottom hunting.
We think the Zweig needs to break this A/D line of support marked and then dip below that 40 oversold level before a bottom is in place:
The CVI is already making lower lows:
The 40 DPI held the low on Friday:
Watch these New High / New Lows as they move very, very fast
Our Trenders remain bearish:
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