The Zweig Breadth Thrust above 0.615 in 4 days or else no rally!
Precisely 6 days ago, the Zweig Breadth Thrust indicator was at 0.39 (thus below 0.40), having reached 0.53 at this moment.
In order for a solid rally to be sustained by sufficient momentum (to make it last at least 3 months), the ZBT indicator needs to surpass 0.615 in 10 days at most since its last reading below 0.40.
Thus, if ZBT is not above 0.615 by the 2nd of May at the latest, we should not expect sustainable bullish momentum over the next few to several months.
In order for a solid rally to be sustained by sufficient momentum (to make it last at least 3 months), the ZBT indicator needs to surpass 0.615 in 10 days at most since its last reading below 0.40.
Thus, if ZBT is not above 0.615 by the 2nd of May at the latest, we should not expect sustainable bullish momentum over the next few to several months.