Our Zweig has failed to make it into overbought and indicates as it has in the past during this run that this thrust is over as far a making new highs. I expect a return at least to the red line area before the markets mount another push for the top.
We could get a last attempt over the next couple of days up to 1105 ES which should be cautioned as a bull trap. Like the green circled area during the end of October.
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