Three Signs The A-Shares Market May Be Headed For A Correction

This article was a top headline in the finance section. It lists three reasons selling pressure may be building.

iFeng: 三大特征暗示主力或有杀跌动作

1. Limit up stocks are falling in number, limit down stocks are rising in number.

According to the article, limit ups were down to 119 on Monday and limit downs were 17.

2. Volume is falling.

The article says there's bifurcation among blue chips, but as the chart below shows, there's no divergence yet between volume and the Shanghai Composite. There have been some strong pullbacks though, such as CRRC slipping 10% on Tuesday.

3. Technical indicators on the GEM Index have turned, with the MACD turning lower. See below.

Although the monthly shows no turn lower.