![Zweig Breadth indicator hit oversold on Friday, 3 days too late for a thrust.. but still bullish $spx [chart]..](http://redliontrader.com/wp-content/uploads/ZweigBreadthindicatorhitoversoldonFrida_B301/image_thumb.png)
For an official Zweig thrust we need to move from oversold to overbought in a 10 day window. That signal when it happens is a starting gun for a 12 month bull market.. Missing by 3 days does sustainably take away from the bullish predictability of the run, but it remains a bullish accomplishment ...
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The Zweig Breadth Thrust indicator is an overbought / oversold indicator designed by Dr. Martin Zweig. The indicator represents the percentage of stocks that are advancing on the NYSE. An reading of less than 40% of stocks advancing represents and oversold condition, while a reading over 61.5% is overbought. The percentage number is...
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