2:40 PM, EST

The selling in the indices is being accompanied by relatively rare extreme negative Breadth readings. The internals are VERY compressed. This is a condition that is highly likely to create a low very soon (probably no later than Monday morning). Where this market may form that low is either going to be very near whatever low is reached today, or we have yet more selling tomorrow that is of mini-crash” character and we get a complete washout.