Clear signs of distribution visible

• Another negative breadth day
• 5 negative breadth day in last 10 days. 4 in last 6 days.
• Fast deterioration in number of stock up 25% in a month.
• Cumulative Breadth ratio on verge of going below 1 indicating more selling than buying.
• Clear signs of distribution visible.
• In this market so far all things go up or go down together. So time to be very cautious if you are long.
• Unless we see a huge 500 plus + day immediately, very high probability of a pullback.
• Going in with light exposure and looking for short term long short opportunities based on earnings.