I'm afraid Yacheng you are only looking at where we have been and how we got there and not where the chart is pointing.
This chart shows that the SP is on the turn, traders are starting to look bullish again.
The stochastic oscillator is saying we are oversold but now is heading north - a good sign.
The candles for the lasst period is showing a change in sentiment.
The MACD, which is not shown is in neutral territory at the moment but only a little bit of positive sp movement will make the MACD look strong = which will indiczte probable strong sp movement ahead.
It won't take much for this to head north ... as long as a game players, the buys with the grunt, do not want to hold it down a bit longer.
But there seems to be little evidence of their presence at the moment
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