The Market Breadth Ratios are showing weakness. This means that the market will not move up in a meaningful way till the Market Breadth improves.
The market is in an oversold mode and it may try to rally up in the next few days. If this rally is not backed by good Market Breadth Ratios, then it will fail. The ideal way to trade this rally, if it happens, is to sell stocks and get more of your portfolio into cash.
The market is trading in a range bound scenario, with a bearish bias.
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