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Volume spiked to the highest level since the first week in January

There are a couple pieces of analysis that suggest the DFM recent low may be a long-term bottom

The overriding chart pattern for the DFMGI is a series of lower weekly highs

Last week should be the beginning of the second leg higher

Support is at last week’s low of 3,637.40

The week’s high to low range was the smallest in 16 weeks, reflecting investor uncertainty

If the index can hold above last week’s low, then the pullback could be over

It is still possible that the six-week advance can still go higher

A good chance current rally could last as long as 10 weeks

Intermediate term outlook remains bearish given larger DFMGI chart pattern

Increase in price and volume reflects new interest from investors

The current advance is now heading into the tenth week