trendline resistance is a huge factor is this scenario. if history repeats itself, we should see some more downside ahead of us
we could also break out of that trendline, into a bull trap , before heading back down..
we will have to wait for confirmation of the breakout, to see if then bull run is back on.
a break out and re-test of trendline support would be good for the bulls, as it shows strength.
beware if we breakout, then head back into the channel.
glta