Let’s take a look under the hood, and see what we get. I like to track Zweig Breadth and the McClellan Oscillator. Both are now at extreme low readings not seen for almost a year. Does this mean the market will go straight up from here!? No, ideally I’d like to see + div to form on these two, which means the market makes marginal lower lows but the internals are strengthening. That be ideal. For now, these readings are extreme and require some releave at a minimum.