The market just hangs between 1 and 2% below the most recent highs. Pullbacks have no follow-through, that keeps the breadth in a bullish waiting pattern.
The Zweig has a favorable bounce pattern:
The cumulative Volume index is struggling with trying to break out to new highs, but it does indicate to us there is still buying in this market, or a lack of selling.
The 40 DPI wants to move higher, it has appeared to have bottomed.
Our Trenders remain split between bearish and neutral: