Now BBands are rather easy to predict that the we are going to fall back onto them. Funny fact I happened to draw that arrow before I made that . Anyhow, a fall back is the best possible scenario as the bulls are taking a break before they pick up momentum. 590 would be the lowest level I would consider before I would consider that the bears have one.
For the short term I am . The coming days looks like it will fall back to 636 retracement levels. Would not be surprised if we started entering another sideways market.
This is just the start of the accumulation phase expected to last for about 27 days.