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Breadth, Some Bullish Set-ups

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Breadth, Some Bullish Set-ups

We were pretty bearish yesterday, we still are… but that close yesterday has us just a little puzzled.  The open today makes a little more sense.  The trenders are telling us any bounce is a short-able reward as these markets not only have to correct lower, they have to establish a trend lower.

The Zweig has found resistance and yesterday's action barely put a dent into the Z-value:

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The CVI has a little bit of negativity added to it:

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Our 40 DPI continues to get hit, but took a little bit of a respite:

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The NH/NL took that bounce:

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The trenders are remaining steadfastly bearish now:

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Posted-In: Technicals Forex Markets Trading Ideas

 

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