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. Begin looking for an attractive point to cover short positions and return to the sidelines. ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal.