I owe everyone an update on how the Zweig Breadth chart is performing. I was all hot on it when it was setting up for a thrust but now that is over and we have fallen back I have sent it to the back of the stack.
Since hitting the high on 6/15 in the overbought area we have had 6 days of lower values on the ZBI. Currently (Wednesday) at the 46 area we can expect a bounce that has a high probability of failing before the next test takes us higher. That has been the past pattern.
