This video covers several metrics used to identify market trends on various time frames.  Regardless of the rally since the May 24th lows, the broad market remains in a short-term downtrend as defined by the majority of metrics discussed here.  However, any significant upside from today’s close will likely put the market back into bullish trends on all time frames (short, intermediate & long-term).  If the short-term downtrend does remain intact and prices begin to move lower this week, we will likely to get a relatively infrequent but very effective intermediate-term sell signal, as discussed in the video below.