This is a follow up to the January posting (see link below) when I thought there would be a bounce. There was a small bounce but not as large as I suspected. Currently we have a bullish divergence in both the weekly and daily RSI 14. And on the daily we are close to one potential down target (down arrows). This leads me to believe there may well be a bounce up from here. If you like EWT 0.66% if this happens it would be what they call a irregular flat where often the "b" wave goes down to the 1.27 level then there is a 5 wave up move to the .5-.62 fib level. A 'trap" move so to speak. Iffff this occurs it should a good place to short.