Breadth Thrust has room to touch the lower blue line.
Nasdaq Summation remains on Sell Signal
Nasdaq Advance - Decline Chart is on a Sell Signal
NYSE Summation remains on Sell Signal
NYSE New Highs - New Lows is slight oversold short term and market may try to bounce
NYSE TICK is oversold and a bounce is very likely
The market remains in Sell Mode despite a possible short term bounce. There is no need to be a fool and engage in long position until the breadth changes back to bullish view.
Perma Bears might celebrate this tiny pullback as a victory and forget that the SPX gained over 30% since October. Don't fall into a trap thinking a new bear market has arrived. We are only experiencing a pullback after such a strong rally in past 6 month.