- AD was 1:3
- VIX up 6%
- past 6 days, markets were trading in a very small range
- volatility expansion happened today and markets broke the low of the range
- persistently high PE was a worrying cause and
- AD was not supporting uptrend
- looking forward, lower trendline of rising wedge to give support
- this will break
- break of 10500 will lead to bigger fall
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