CME Group at week 12: the decline holds, but signals are growing mixed

CME Group is in week 12 of a sell signal, with the trade having accumulated a 16% gain from inception. Last week closed down 8.6% with sellers at 97% — an accelerated drop. Yet a double bottom is forming in the 245 area on the daily chart, with a 10% intermediate bounce between the two lows, introducing a note of caution for anyone considering new short entries.