DJI still within their midterm downtrend. A divergence will likely be formed in this down wave, marking a potential bottom for this massive bear cycle which started since October 2007.

Will there be a sharp rebound? That will very much depend on how drastic this last wave will be. Considering that majority of the players in the market are props and fund houses, this may end up as a complex drift downwards as the professionals tries to outplay each other.