After analyzing the trends of the market, it appears we can be in a longer term bear market than we thought (2-3 months). Previously the initial bounce I called for was for the end of the futures contract but it seems like we had a weak bounce. We can still break out of this short term down trend and break up arrow 'A', then break down to the long term trend line at about 9100-9300 before re-testing the long term down trend. If we do re-test and get a nice bounce at the long term up trend then we should be able to break from this bear market and see a new ATH. We could also see a test of 9100-9300 following arrow 'B'. i think 10500 is a good area to open a position, keeping in mind to average your cost down if we begin to break down more. Either way, we should be seeing movement before the end of the weekend.