It was a circuitios route but the Zwieg breadth thrust from late March has reached the 20% target. This ZBT has a few oddities to distinguish it from the other thrusts since the '09 low.
The market advanced more than 12% from the thrust initiation followed by a complete retracement and the advance out of the retracement produced a second ZBT before the prior target was achieved. This second thrust (The 7th thrust out of the '09 low) is still active with a target of 5230 spx cash.
Normally, but not always, notable pullback is seen once a ZBT target is reached.
