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Breadth Update From Friday's Close: Expecting Continuing Weakening This Week

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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:

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The CVI is already making lower lows:

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The 40 DPI held the low on Friday:

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Watch these New High / New Lows as they move very, very fast

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Our Trenders remain bearish:

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Posted-In: Technicals Trading Ideas

 

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