Volatility is in a downtrend based on a 9 bar moving average. However, the market put in a 45 bar new low here. More lows are possible. Rate of Change is in bullish territory. However, the market put in a 45 bar new low here.
More lows are possible.
CCI will signal liquidation of this position when the CCI value crosses back into the neutral center region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Adding to this bearish view, the market has put in a 45 bar new low here. RSI is in neutral territory. MACD has issued a bearish signal.