On it’s own, this market is ready to unravel. We can see it in both breath, price, and sentiment, but there is a determined team that does not show up on our charts, a team of co-ordinated, world interventionists that are legally allowed to turn knobs and twist handles to manipulate the market. We can’t predict or plan for it, we have to stick to our charts.
And the Zweig bounced some yesterday, finding the floor for now in the markets. The trend of lower highs is in place and we can put a topside channel marker in to help us gauge any bounce.
There was a faint up-tick on the CVI yesterday also:
Our 40 DPI looks much the same as the CVI above:
The NH/NL is still holding above 40, that is good for the bulls, their last stand right now:
Our trenders today one at a time:
The McCSI (cumulating McCellan) is now not only bearish but has crossed a trigger confirm line on the 15 DMA.
Our Cumulative 4 week is not quite at that crossing point yet, but does remain bearish.
