The new highs failed to turn upward because of the height of the hurdle candle (d-5) that was being replaced. Tomorrow that hurdle is lowered down to 188 and gets easier all week for this indicator to turn itself around.
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Watch the race unfold - who will make you more money, the technical analyst Dr. Martin Zweig or the famous economist Dr. Roubini. Since March 23rd, when the Zweig Breadth indicator fired and marked the beginning of a bull market we went all in. This is the return results of a 100% spy investment vs. the Roubini stay in cash strategy. Read the article here.
The spreadsheet that drives this real-time graph is also available here.
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