What's bearish: - Rising Wedge pattern - Rejection of the 200MA - A decrease in volume in the last 2-3 trading days - Bearish divergence (red line) - Falling wedge pattern on the VIX (image in the comment)
This is a pure technical standpoint, it has nothing to do with fundamentals or the market sentiments
Me: Hello I started with stocks 1 year ago. After analyzing many charts, I have accumulate more experience than a newb. Now I'm a newb+. Pls feel free to give me feedback