Some selling reprieve should be coming in here soon. Breadth is about as bad as it can get.
The Zweig has a second day of oversold.
Price, for the amount we have lost on breadth, is holding up remarkably well. This CVI should be closer to those June numbers:
The number of stocks below their 40 DMA are:
Our NH/NL is stretched just about as much as it can be. This is what is calling for a pause in the bearish action and a little upside reprieve.
Our Trenders remain steadfastly bearish: