I never really trade this market often, normally because fear and greed runs it. I have had a bad history with this market it scares me for some reason. However time to time i stop by and analyse it. It does give out some nice set ups .
Enough of that, lets get technical now. Well, we all know that the market moves in waves. The most classic and popular law of market is three major drives before the market starts to look for a new direction. I am expecting the bears to go further down to invite bulls in one of the support lines.