McClellan rate of change decreased today which is a good thing for bulls, but it did make a new low.
Surprisingly, my short term indicator actually went up again - barely. We are holding at a little over 80%.
I would not be initiating new short sales here, but I also wouldn't be buying yet. Huge help, I know.
We haven't really had many panic shakeout days in this decline. This has been bothering me.