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Breadth fell back to the bear's den on Thursday's action. At this point we would like to see a market flush in order to return our Zweig Breadth indicator back into oversold and re-trigger a new count. A start-over.
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The CVI remained negative for a 2nd day.
There was a slight improvement in the 40 DPI
And in the NH/NL
But we lost the trenders back to the bears, unable to string together green days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.