Every day is now make or break for bears more than bulls. A sideways market works in the bulls favor for the time being.
Monday’s market decline did not change the direction of any significant technical indicators. They remain mixed, reflecting the market’s indecision. Today may be the day where the indicators get in sync one way or the other to signal whether the upside cycle projections will be reached on this wave.
The market has reached a major signal line. For bears, it’s hold or die.