Further Confirmation of DROP. Trendline Broken.

I was writing last week that the price should soon turn around. As it turns out the turn was closer than I thought, even closing last week with a break and close below the previously established trendline that followed along the week recovery the index was experiencing.

I do heed caution on the hand of the speculators but this only goes to reiterate our past expectation of a revisit to new lows. Happy Trading :)