This patterns seems right on the money for what could happen next. Yet, there is still some unknowns stemming from China, which could potentially spell a more bearish market going into 2020.

But I'm still confident that we've reached a new bottom now, and it'll start bouncing upwards soon. The next resistance point to break and hold steady is $7,800, followed by $8,200. There was a strong push from the $7,800 resistance, so we'll have to see how it goes soon.