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. Look for some price strength before taking any bullish positions based on this indicator. Volatility is trending up based on a 9 bar moving average. However, the market put in a 45 bar new low here.
More lows are possible.
Rate of Change is in bullish territory. However, the market put in a 45 bar new low here. More lows are possible. 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.