We could bounce off any of the 3 points of bounce shown IMO. Things are not looking so good for the market with the dollar increasing, VIX rising, and many signs that things are turning around for the worst. Definitely buy point if we get down to the bottom trendline which is not out of the realm of possibility.
Predictions for the week are as follows, subject to change as things progress:
FYI, lots of bid volume on the DOM. I would expect this week to be whipsaw and relatively flat to down, next weeks perhaps a small rebound, but the winds are certainly feeling bearish overall