This is what causing the mess we trade intraday on lower TFs, well some of us, the smart ones wait, the very much needed stock market pullback. Blame China, blame low rates, blame Madame Yellen, blame whomever you want - its just a pullback.
That's the zone and the current median fair value that makes price bounce off but which price intend to break - and it will.
Two clear downside targets of which the 1st is a sure thing for me.
Weekly chart and choppy PA so don't expect this to be over and done with in a heartbeat. But trade accordingly and grab em pips