Maybe the bears can regroup and try again, but if we get into the $2,700s then the bears are going to have difficulties reversing this train... Agree? .. so maybe currently, around $2,700 and below is the area to watch for a possible reversal?
Well maybe to look at it another way, I'd say that buying pressure would need to breach the ~2600-2630 mark with considerable force (rising volume) to consider us still in a bull run at this point.
Otherwise this is just a falling J-hook pattern seen so many times before...