Also, premature as it is, we may be developing a rounded bottom or cup and handle pattern. I mapped a possible scenario below. I drew the handle as a 50% retracement of the cup and retest of the DBW after breakout; they match almost perfectly. It will have to bounce here or above otherwise the cup and handle will be invalidated.
The true test will be confirmed cup/handle breakout above the resistance zone. Lots of work left for the bulls, but it as a lot of potential.