The bull-vs-bear chart shows a spike of the bearish indicators. I think there is a strong indication of market reversal. A similar pattern was observed last year when there was a series of spikes by the bulls. This time around are the series of strong spikes of the bear signals. I think these are signs of stress and the market is giving up the uptrend(since early last year) and previous support levels . The latest two spikes of the bears are strong confirmation of the new trend (downtrend).

The bullish and bearish charts represents how the indicators(candlesticks, point & figure, moving signal, etc.)  fight it off. I've been tracking the indicators for the past year and last week's performance is worth mentioning. The force of the bear indicators were evident in the chart. For individual stocks, you will see this kind of pattern using the Force Index.