The Dows is moving towards a price channel trading range, between it's immediate resistance ~12750 and it's immediate support ~11750.

At least, the market is not as bearish as before anymore. Although whenever the Dows reached it's immediate resistance, it shows signs of overbought and form peaks (see the purple circle), the last pull back during the past 4 days doesn't seem very strong, as their volume isn't really that convincing for a bear market.

I would say, the market is currently more Bullish than Bearish. All it needs is a few good reports and numbers to help push it over it's resistance ~ 12750. Once that happens, we will be able to see a full force towards the upper direction.