Finally, a thrust and move that sent the Zweig to overbought. Don’t run and short your brains out though. There is a bullish overbought that is good for the markets and sustains even higher highs, but we do need to be more vigilant now in watching topping action clues from the other charts. Let’s do that now.
CVI looks extended:
Our 40 DPI finally made it into the rarefied 80s. Looks ok.
The NH/NLs just shy of the 90’s another benchmark area for the bulls:
And finally, the trenders, what can you say? We would expect a hold or extension from here.