The market is BULLISH for the moment. The bulls are dominating the market. 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 bulls are very strong and the money is flowing in one direction only, into the market. You also have to know that the money waiting at the sidelines is getting more and more impatient for an entry!