I initially thought the latest price action might be the beginning of a V reversal. A closer look and drawing of a few lines confirms that a Right Angled Ascending Broadening formation (a mouthful I know) was broken. Price action will probably retest the lower blue support line before kicking back downwards. As always, with charts, nothing is written in stone. Just trying to navigate the storm and play the most probable outcome.
The bulls have work to do. I'm pretty bearish on the longer outlook. Longer for me being days to weeks.
If it can't get into the 370 area and hold it, then look to 310.
Past that I'm guessing 280. There is long term trend line running around that level (the red line).
Hope this helps.