The $SPXA200R chart that I follow had been showing that breadth was improving since the sell off in August 2015. I said watch out if this wedge breaks down. Sure enough right out of the gate this year that is what happened. This was a very significant development. I post these charts for my own interest so when I look back I can see that my thinking was correct or if it wasn't I can see why.
$BPSPX weekly this bullish percent index is also a good indicator. 60% is a major bearish sell off point. There have been lower lows and lower highs. It is possible to see another lower low. Interesting to see if it does.
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