- MACD crossed below signal and trends down
- MACD Histogram slips below 0 and trending down
- RSI trending down
In 2008 prices never went above 2000 peak serving as resistance, likewise 2008 decline did not go below 2002 bottom serving as support. However, recent rally went above 2008 peak, This means it is reasonable to expect that 2008 peak will serve as support for current decline/bear market. Assuming market will come down in the same angle as it went up, this market will end by late 2017 when it touches the support.