I haven't been posting shots of the Zweigs lately because they simply have been boring. Sitting in the neutral area they have not moved to overbought or oversold. The lack of Advance/Decline patterns (which mimicked the price action) made for a very difficult call on the direction of the breakout.
We still have not made it to overbought on the NYSE but check out the lighter indices:
Each one of them has managed to breakout to the overbought area. While they can chomp around up here for a couple of days, it does tend to indicate that the top is very near here until a correction and then another thrust.
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