The market is BEARISH for the moment. The bears are dominating the market. On the other hand, we can say that there are considerable signs of unrest among the bulls. They may be seriously considering taking short positions, too. In fact, there is not much appetite for confirming bearish patterns.
Currently, the bulls are slightly stronger but the flow of money is rather balanced. You also have to know that the money invested in shares does not feel safe anymore. Investors are worried that they may go down with the market.