Nothing has change in the view that prices are forming or still forming a bearish pattern. We will however change our tone if the indicators change directions. Intra-day charts show many zigzagging and overlapping affair, not something you see in a bullish pattern.
The new low today was expected, but I did not however expect the rally up. I suppose that the patterns are still sub-dividing. The end of day price print closed right below the 60min 75ma, so now the question is if it has enough strength to push upwards above and past the 60min 200ma right above 2040.