The market is BEARISH for the moment. The bears are dominating the market. 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 bulls are not very comfortable and they are closely watching the market for a timely exit.