The breadth is shaking off the previous signs of falling apart and building some real strength. It is the New Highs / New Lows which really have not faltered since the June low.
A higher high on the Zweig was established on yesterday’s market action. That is bullish:
Our CVI has not confirmed that higher high yet so it sits in a possible bearish divergent mode:
The 40 DPI has that higher high in now. Bullish:
The new high / new low indicator is holding near the highs.
Our trenders remain bullish. The cumulative 4-week new high /new low looks very bullish, while the McClellan accumulator has yet to put in a higher high:
