I still think it looks very bearish - But also think there is...

I still think it looks very bearish - But also think there is plenty of room for things to change.

Looks toppy - Couple of possible Diamonds, a smaller one defined by highs and lows (blue), and one formed by the uptrend and the smallish downtrend we have playing out (red).

Also note the EMAs... We are doing a lot of work inside them... Bearish to stay below, bullish to stay above (As can clearly be seen in the chart).

IMO - The bulls still have a 100+ points downside to work with, before there is serious bear trouble.



Another interesting thing I noticed on a monthly chart... EMA 30 Month was a bit of a support on the way down, and is now hard resistance on the way up... Maybe something to watch?