Yesterday’s tight market saw a nice improvement and momentum shift in breadth.
The Zweig made an upturn
The Cumulative Volume Index (CVI) has stayed strong all week:
Our 40 DPI is the weakest of the indicators and even that showed an upturn:
Our NH/NL continues to be the strongest indicator for the bulls:
Our trenders are now both on the same page again as bullish after a one day journey into neutral land for the McCSI.