I guess the title says it all, but we did lose a trender from bullish to neutral. That is worth watching.
Our Zweig is now pressure relieved and in the 50’s:
Ok, so there is still some heat here in the CVI, but it was very slow to get going in the first place. This is fairly normal for a first pullback from the peak.
The 40 DPI is hovering near it’s peak, back down near the 15 DMA now. That could be cool enough:
This NH/NL is still a little too hot and needs to correct down out of the 90s:
We did have a trender go neutral on us, that shows that the market is loosing momentum: