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.
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