One of the most powerful and reliable signals in market history just triggered today: the Zweig Breadth Thrust.
This indicator is known for its unique ability to spot the start of major bull moves by combining breadth and momentum — showing not just how many stocks are participating, but also how quickly the shift happens.
Here’s how it works:
🔹The setup begins with the 10-day exponential moving average of advancing issues divided by advancing + declining issues on the NYSE falling below 0.40.
🔹Then, within 10 trading days, that same reading must surge above 0.615.
When you see this kind of rapid transition — from washed-out breadth to upside participation — it signals a violent shift in market internals.
The market feels like a rollercoaster these days — volatile, messy, just trying to find its footing.
Headline-driven rallies and big swings in both directions is now the norm, and there’s no sign this will stop any time soon.
But things are getting interesting as major levels in the S&P 500 $SPY are coming back into play.
The bulls came out this week. Let’s zoom in.
We’ve got the VWAP from the all-time highs and the VWAP from the April lows converging into a tight range. This is what our friend Brian Shannon calls a “VWAP pinch.”
This kind of compression often signals a buildup of...