We did get our Cumulative NH/NL indicator back into the bullish column with yesterday’s actions. The New Highs remain frustrating for the bears as individual symbols continue to pop higher.
The Zweig needs follow-through:
The 40 DPI has a 72 target to break to convince us there are higher highs in store:
The NH/NLs have their own lower high pattern to shake:
For the trenders, our McCsi remains in the bear column, but just as unconvinced as it was in the bull column. In other words, it is going sideways.
The bulls did win back the 4 week summation NH/NL index: