Bearish Bias

Here is why!

Bias:

My personal bias is 50-50 and leaning towards bearish. If we don't see a bounce tomorrow, my bias will lean towards more bearish. I expect a correction now. WHY?

I show you my 7 proprietary breadth indicators that look like how they would at the beginning of a correction.

1. CNX 500: The sum of all CNX500 stocks has started to point downwards after an uptick in volatility in recent days

   

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2. The % of stocks above key MAs (50 and 20) have started to point downwards

   

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3. RSI oversold plot now shaping down

   

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4. Net High low (yearly/252 days) now has a lower high and is pointing down