Steady as she goes ... There's nothing much to say about this chart .. very clear price action .. no conflicting signals .. The positive divergence is just an observation, its simply a warning to be alert if an upturn materializes .. Other than that, a downtrend is valid until proven otherwise .. The index is moving in a well defined price channel .. Its hard to get excited over this kind of market .. especially ours where we can only make money on the long side .. Makes me seriously consider trading the US market .. It may come sooner than i think .. Cheers !