Since the bull trend has broken we seem to be in a bear trend now. How low will it go? Perhaps we just consolidate in a range between 28.5K & 35.5k until deciding a new direction up.? However I am likely thinking we are in a full bear season now.
I like you post but what makes you think the bull market is broken? I'd argue that the bull market is broken if we first hit daily 600HMA or 800HMA (or both) and then break down (it´s not different this time).