Update

More of the same mess, but the price and market breadth turned lower. If you look at other indices like SPXEW,DJ,DAX it is obvious that the top is in and decline has started.

It is difficult to pin point a pattern and the exact path in this mess - the idea is the index is in the middle of the second leg lower which should complete around support the previous low in November.

Adding trend lines and support to the current pace and timing and it looks like this for the next important low early summer June/July.