20day LOWS and Selling Pressure hit trigger levels!

(Institutional Money portfolio )

• 20d Lows hit 20% trigger level (200 on the rescaled chart) for a change from a bullish to a bearish bias (see (1))
• Selling pressure is also hitting 20% trigger (see (2))

Conclusion:

• We have now officially (confirmed) entered the correction after yesterday's major distribution day
• The above chart indicates that this (double) confirmed situation can last for a couple of weeks before we see the next bullish confirmation or bearish re-confirmation