We are now at the bottom trendline on the Zweig at 50. The combination of the 2% price pullback and time have managed to move the Zweig into a full correction value. Should we fall apart and move below 40, that would start the hunt for a confirming thrust. We will save that for when the Irish riot.
CVI is one with the price, not much to see here:
Surprisingly, the 40 DPI did not have much movement:
Our NH/NL is just amazing. What can we say. No one wants to sell their winners.
We lost a trender to the bears but it often turns early. I would be more worried if we were below the 15 DMA
Our Cumulative NH/NL indicator is really strong still:
