As of now we are approaching 400 figures on the 4% breakdowns. Not only that but several leaders which were creeping up in last few weeks and bucking the trend are breaking down. AAPL being the prime example. When the bellcows start having problem, you should take the move seriously. The question is how far we will go. Will there be more 200 plus downside days in next couple of days. But sell offs like these after multi month rallies are good to set the market ups for further up move, probably post October.
So today OB Part 2 will appear before OB Part1.