Went back to an earlier and somewhat cleaner chart to try and fathom out what is going on and realise with the ETF confusion we had accumulation in the form of an Impulse wave from early January. Then the resulting disappointment culminating in the formation of a bearish "Diamond Pattern" and first leg of ABC correction. In my opinion now we are at the Apex of B and likely drop now to complete C with a target in the region of $800 +. Of course this idea can be foiled by the braking of downward trend line and further revaluation needed, so this is why I am neutral at present until further downward pressure exerted?
