As you can see from the chart; currently we are above the red fib. This is a fib channel originating from the 3.8k bottom. If we can find support above then we will likely be testing the 9075-9090 area represented by the yellow line. This has been a huge support/resistance level in the past weeks and are bound to get a reaction. So, if we do approach this level - I would say this would be a good time to start thinking about opening your shorts. But until then make sure you don't make a huge decision on whether today will be green or red before we find either support on our major fib, or we end up taking it and using it as resistance. (None of this is financial/trading advice. Just my observations and my analysis. Please Do your own due diligence in properly managing your account balance.)