Here is an update. I believe we are in wave V of 5 and this should be the last wave before a significant move up.
2509 is the 161.8 extension of wave I and the target for wave 3.
See the fibonacci channel drawn in the chart as well.
Both indicators are pointing down, reaching their turning points (oversold) a good indication that this is indeed a wave 3 and an indicator that it might stay oversold for a while. As a contra indicator you could see this as a sell signal.
Remember there is still a minor wave iv to form before heading down one more time, so expect some pullback.
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