PI in Full Bear Control as Aroon Down Hits 100%

PI continues to flash warning signs as technical indicators lean heavily bearish. Most notably, the Aroon Down Line on the daily chart has surged to a reading of 100%.

For context, the Aroon indicator is designed to identify the strength and duration of a trend, and when the Down Line reaches the 100% mark, it typically signals that a recent low was recorded very recently — often within the past day or two.

This kind of reading reflects an aggressive downtrend, where bearish momentum dominates and sellers are in full control.