Momentum is in bearish territory. And, the market put in a 45 bar new low here. More lows are possible. Rate of Change is in bearish territory. And, the market put in a 45 bar new low here.
More lows are possible.
This short position should be covered when the CCI 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. The current short position will be reversed when the CCI crosses above zero. Adding bearish pressure, the market just put in a 45 bar new low. ADX measures the strength of the prevailing trend.