@twalsh389, Thanks. Remains to be seen if we break the prior support
SteveTobin
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I remain in two minds, not sure if the bottom was in at you purple circled W or it needs another leg lower. Nasdaq, FTSE both made new highs since the Feb low but the rest are still lagging, I do agree with you general scenario of lower first before higher I am just not sure how much lower, if circled W breaks then i guess a lot lower
tecknit
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@SteveTobin, I agree, there might be a final capitulation happening at Y to drive it lower, however given that the support's been tested twice already I believe that even if there was a breakout, it would be a bear trap. But hey, no one has a crystal ball - so I might close my positions when we approach Y haha