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 trending up based on a 9 bar moving average.
Momentum is in bearish territory.
Rate of Change is in bearish territory. 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. The current long position position will be reversed when the CCI crosses below zero. ADX measures the strength of the prevailing trend.