The equity-only put-call ratios are racing upward on their charts at a furious pace. They are extremely oversold, but are not near buy signals yet.
Breadth has been wildly volatile — extremely positive on up days and extremely negative on down days. Breadth indicators are on sell signals again. But they ARE quite oversold.
The overall chart of $VIX remains in an uptrend, and that is another intermediate-term bearish indicator.
In summary, all of the indicators are negative, although some oversold conditions are reaching extremes again, so that sharp but short-lived rallies are possible. The term "crisis of confidence" is being applied to this market, and it seems appropriate