The market is bearish because the fast moving average is below the slow moving average. Its possible that we may see a market rally here. 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 in a downtrend based on a 9 bar moving average.
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.