The market is moving SIDEWAYS for the moment. The bulls have an upper hand, but the bears are also not sleeping. On the other hand, we can say that there are considerable signs of unrest among the bears. They may be seriously considering taking long positions, too. In fact, there is not much appetite for confirming bearish patterns.
Currently, the bears are stronger and more money is flowing out of the market. 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.