The long-term trend is bearish. This week both NASDAQ and NYSE went down, continuing their decline from previous week's sharp reversal. Both are range bound.
Market Breadth for this week is bearish. All the six internals closed went down and closed below zero.
NYSE (-1.56%) was weaker than NASDAQ (-0.84%). It was the same in the previous week as well.
NASDAQ and NYSE are at the lower end of a wide range-bound area, and it is not unreasonable to expect a recovery. However, the breadth is bearish and being more and more bearish over the past several weeks. It is wiser to wait for a clear bullish signal before starting to buy stocks. And there is no such signal at present.