just speculating, page-8

no denying fundamentals on BOW and the mid term outlook.
But equally compelling is the short term trend downwards.

I know this isn't something SH's want to necessarily hear, but with the DJI also looking like correcting slightly, BOW could be expected to have some further weakness in the SP.

The recent resilience when the market was down probably gave the shorters a chance to close out some positions before commencing the short selling again.

I am LT bullish on BOW but it really needs to get a move on with 2P.