The momentum as reflected in the has been rising, but has still failing to reclaim a positive direction from a month ago and is again falling. I don't expect this to be as hard or as fast as March, but it could be. The size of the Bear market down trend channel is huge, but after the moving averages bunch up and the price bounces off of the 252 day average as a resistance, expect huge moves downward this week. I would not be surprised to see more circuit breakers get hit again, but I'm only about 33% of my portfolio short right now and am waiting on confirmation that the down trend has resumed in earnest to go further short. Selling is beginning to rise, and the weekend down is looking pretty hard down already. Stochastics and are all breaking back downward, so it looks like the Bear rally is dead and about to swipe back down again hard. The distribution is just beginning, and I expect it to pick back up in force on Monday.
-- NOTE --
I've made some changes to the ( ) indicator that are shown here, but have not published the script. Let me know if you're interested, and it goes from hard green and red buy and sell to blue for cooling uptrend and purple for recovering downtrend.