S&P had some heavy selling today. Highest in one month and yes, if we look at the past we have history of 3 days pullback and then push back up. Looking at the markets action if we go below 1389 we may hit the panik selling in entire market and this pullback can be little dip.
Market breadh has been very negative in last two days and one it is building up which may force this market to go down if we don't get any support soon....
Overbought-oversold ratio has turned sharply negative territory, which again is very negative.
Looking this measure, if we don't get any support for the market, I may start unloading my portfolio as market may have further down side.....
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