Support of the yearly low would yield a rally to to the upper 100 and 200 day moving averages. A rally to the 100 day would be weak, its corresponding volume would suggest 3 more month before an additional breakout with a bearish preference. A move to the 200 day would open up a descending triangle ending in October where a very large move would be waiting. If a final capitulation is needed this will be it. If the bull run is to begin this would also be a likely start
Support of the yearly low would yield a rally to to the upper 100 and 200 day moving averages. A rally to the 100 day would be weak, its corresponding volume would suggest 3 more month before an additional breakout with a bearish preference. A move to the 200 day would open up a descending triangle ending in October where a very large move would be waiting. If a final capitulation is needed this will be it. If the bull run is to begin this would also be a likely start