Our key indicators (Sigma Trend Index and Breadth Index) remain in negative territory, telling us the downtrend remains well in place:

The short term negative sentiment hasn't reached oversold level yet => we don't expect a meaningful rebound in coming days.

Conclusion:

It looks like the downtrend is in place, and we wouldn't be surprised if the (negative) momentum pick up in coming days.

Current position: short

Have a nice day.