CME Group in freefall: double bottom near 243 but the picture stays bearish

CME Group is at week 13 of an active sell signal, closing last week down 10% with buyers at just 1% of volume. The trade has shed more than 24% since inception. On the daily chart a double bottom near 243 is forming, with a 12% rebound from lows, but the weekly structure remains bearish and no solid reversal signal has appeared yet.