
More likely is a second scenario bottom with a neckline around 500 and a retracement back to either the lows of today, or whatever low gets tagged over the coming week.
Large caps have available support to look too and haven't completely eliminated the double bottom scenario but with stochastics maintaining their bearish divergence and the small caps in freefall it is hard not to see large caps following suit lower.

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website