Hi Trades
Always find your charts quite interesting, there might indeed be a bounce off the 'trendline,' but............ this seems to be a bear. The Commercials were quite short in Aug for some reason. The topspring, upthrust for purists, without volume assertion was the key here. The expectation here would be bottom test of range. Keep up the good work and insighful analysis. Not quite sure what the upper trendline in your post represents, but otherwise good never the less; best regards....... CO