A bearish environment remains in the forefront till further notice:

- Daily tape: Opening strong in the morning with gradual selling throughout the day.
- Higher volume on downward vs. upward legs of daily market action
- Definitive erosion of sector leadership across market areas (Mining, oil service, tech, etc.)
- Continued erosion of new high/new lows ratios and non-confirmation of new high list on last market high

Expect another downward leg in this market.