At the moment stocks don't seem to have the energy to breakdown from the longterm ascending channel. It is more probrable that we will see a double bottom and a bounce and a continuous to +5000$.
If the index breaks down from the ascending channel then a market wide disaster is waiting to happen.
If the index breaks down from the ascending channel then a market wide disaster is waiting to happen.
Note
LTFNote
support and absorption at 4133, daily bullish divergence present. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.