Since Nov 2020, the number of stocks trading on the NASDAQ exchange increased 16% from ~3500 to over +4000.
When was the last time there was such an increase?
Secondly, pay attention to the Price-volume action of Jan 1980. or June 1983
Monday 9th November saw similar "internal " market characteristics to 82 other instances since 1980.
90% (74) of them led to higher prices in 6months to 1 year.
The remainder are strongly negative, including one instance on 11th August 1987.
(look into Leadership, Breadth, Price volume metrics)
(then basket the cases into Valuation bins)
Looking for market to drop...