has no made lower low since the 15th june as you see with the yellow lines... near two months of bullish divergence
on the daily. The divergence is accelerating with this drop
(orange lines)... Every move down now just increase a bullish divergence
. High probabilities we are in the last bear trap and the bottom is in, if not, it's near. Basically, the more we go down, and more the elastic that has to make us go up is tense.
ps: my english is not very good but i hope you understand the idea.