A very disappointing effort by the bulls yesterday, stalling the breadth progress. We lost a trender to the Bearish side after stalling for a day in Neutral. We have no confirming higher highs on any of the other indicators either. We are negative on the day.
Our Zweig folded short of a higher high:
As did our CVI:
Ditto 40 DPI:
This divergence on the NH/NL is actually bearish and a decent predicator of a follow through down day:
Our McSI remains bullish. Bully.
But we lost the Cumulative NH/NL indicator:
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