The market trend has changed direction. The market is bearish because the fast moving average is below the slow moving average. The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band. Volatility is trending up based on a 9 bar moving average.
Momentum is in bearish territory.
Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible 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. Begin looking for an attractive point to cover short positions and return to the sidelines.