While we did see some movement down in the Zweig and it has moved from overbought to more neutral, some of the other breadth indicators actually strengthened on yesterday’s price movement. Today it will be about follow-through.
CVI hooked a top:
The 40 DPI also showed some weakness, but is still strong:
It is the NH / NL that seems to not understand it is turn around time:
The trenders are marching on, too: