Despite the price action, when we review the breadth charts, it is still telling us that this market is not done going up. We really thought yesterday was going to rally. It didn’t and instead, came down to one of our key support areas, 1336.
Our Zweig took quite a bit of damage:
The CVI not so bad:
We like how the 50 DPI held up for the bulls:
As did the NH/HLs:
And the trenders remind us “BULL ON”: