The market is EXTREMELY BEARISH for the moment. On the other hand, we cannot say that the bulls are very happy but they do not want to change their positions yet. In fact, there is not much appetite for confirming bearish patterns.
Currently, the bears are very strong and the money is flowing in one direction only, out of the market. You also have to know that the money invested in the shares is getting more and more impatient for an exit!