Selling into strength on higher volume is a noteworthy characteristic of a bear market, and provides further evidence that the market is struggling to find traction.

Deron Wagner anticipates a few days of buying or sideways action prior to any potential move lower.

For the fourth day in a row, market internals remained in a bearish spiral.

We witnessed the first signs that the market may be approaching capitulation.

Market internals were bearish for a second consecutive day.

Based on yesterday's price and volume action in the broad market, as well as the inability of stocks to hold their morning rally attempt, more near-term downside could be in store.

The Russell lost support of its five-day low yesterday and appears to be headed lower.

The market continues to exhibit indecision and has "ping ponged" in a tight four-day trading range. However, the longer stocks continue consolidating at their lows, the higher the probability that the next significant move in the market will be lower.

Despite yesterday's higher finish, it is noteworthy that all the major indices closed near their intraday lows.

The market continues to exhibit weakness, but all of the major indices managed to either hold or recover to close above Tuesday's lows. Deron Wagner expects to see a bounce in the market over the next few days.