By : redliontrader
We continue to lose momentum on our breadth, it is a very slow drain but once the market starts to move, there should be good moves. Think of it as having a stuck drain and the Drano has been poured in, now it is a matter of time until that clump of gunk is eaten through and then whoosh.
Our Zweig continues to wedge:
The CVI has stalled, unable to move up yesterday:
Meanwhile our 40 DPI continues to weaken:
The New High / New Lows are starting to get a pulse again showing a little movement since January:
Our McClellan Summation Index is meeting the moving average and putting in a neutral signal, another early warning that a top is busily being put into place.
