The HUI is doing everything right. Any backtest to the double bottom trendline around the 140 area should be bought now as it’s a very clean line in the sand. This is the Chartology talking to us. The move is impulsive which is what we wanted to see.

Last night I showed you this potential double bottom forming on the HUI. Today is the first big test of the double bottom hump at 140. If this is indeed a double bottom forming we should see a strong move up after a possible backtest to the 140 area. Keep your fingers crossed.