A quick selloff late this trading day continued to confirm EW theory that we are in Primary Wave 4. This means we are likely in a downtrend that will continue to last for a couple months.  Intermediate rallies are a possibility, but they are risky and difficult to predict.  The failure of the market to move into the overbought range of the RUM Wave indicators confirms the EW theory.  Overall, bullish market bets are risky.