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. The market is in overbought territory. Volatility is in a downtrend based on a 9 bar moving average.
Momentum is in bearish territory.
Rate of Change is indicating an oversold market. However the market may continue to become more oversold. Look for evidenced strength before interpreting any bullishness here. A signal is generated only when the CCI crosses above or below 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.