The markets are experiencing steady decline in breadth . Sellers are dominating the action in last few weeks.
This kind of selling is not conducive to breakout buying. A breadth thrust to bullish side can reverse this deterioration.
In spite of selling the Indexes are near high and continue to go sideways.
Periods like these can lead to death by thousand cuts if you are too aggressive on long side. Protecting capital and being selective is the key at this stage.