Despite the double bottom market is still in the bearish mode and prices could drag well below the double bottom and closer to the 1600 handle. That said market will still hit 2300 in wave 5 in the longer chart pattern
Strong resistance at the 1738, 1745 and 1765 will keep the markets under pressure. only a daily close above the 1765 handle will rule out any deeper corrections and wave 5 should be underway towards 2300
Strong resistance at the 1738, 1745 and 1765 will keep the markets under pressure. only a daily close above the 1765 handle will rule out any deeper corrections and wave 5 should be underway towards 2300