Its possible that we may see a market rally here. The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band. Look for some price weakness before taking any bearish positions based on this indicator. Volatility is in a downtrend based on a 9 bar moving average.
Momentum is in bullish territory.
And, a bullish key reversal off a 9 bar new low here suggests an upside move is likely. Rate of Change is in bullish territory. And, a bullish key reversal off a 9 bar new low here suggests an upside move is likely. The range from -100.00 to 100.00 indicates a neutral market. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this.