[OAC]

That is right. Despite the volatility recently, we have been going sideways since January. According to Elliot Waves, this looks like wave four after we had a three wave down since October, and most likely it will resolve itself to the downside for the final fifth wave down, if that happens, the bear market will become official because five waves down is an impulse wave. On the other hand, a fifth wave can fail and the double bottom holds, but that is the less likely scenario.