Now, just watching and waiting. If this breaks down, which it looks like it's going to, I'll be eyeing strong historical support in the $130s and will probably go long there if it makes it there.
The downtrend for the entire bear move remains unbroken and a is forming now. We've had a large downward move on high , but still not entirely sure if I can call it climactic because the density was higher in the last panic sell to $275 and also the quick rise to $453. We may see one more leg down, but the market is looking ridiculously oversold regardless, so let's hope this scenario plays out.