As you may or may not know, I have been tracking this since December as the market started to respect the same psychological patterns that have stood the test of time in other markets. We now have a bat completion at market so there could be a push down to the neck line of the inverted head and shoulders pattern where there will be another opportunity to buy.
Test of the neckline , for another retest of 7550 makes sense here. Not enough volume on the break to solicit a rise to 7800. We need more fuel for another go.