I am actually bullish right now even though we are still waiting to see what would happen with the market in terms of direction anyway but like every other people have said, when it comes to using kwuk as an indicator, I think most of the time it has always worked to do the opposite of whatever you are saying.
Nonetheless, there is no clear indication yet, anything can still happen, but with the way things are, I feel the bears are actually getting weak gradually, but time will tell who wins the fight between the bulls and the bears.
Moreover, why on earth should I be bearish when I should be accumulating right now and even if the market gets even lower, it would just be a chance to accumulate the more. But of course, it is Kwuk!
