Capitulation Trend line broken to the downside ~ 10% dip from peak dead cat bounce of 70% of dip if the lows are taken out it will return to the origin (bottom of 2008 dip) and slightly below.
Fundamental
Quantitative Tightening, taking all the monopoly money away Libor is going vertical, which will cause corporate debt to default USA is raising interest rates into slow growth. Trade war?