Several significant technicals can been seen converging near the current market. Long Term purple trend lines
and previous lows (black dashed) are close by and offer trigger considerations when broken or bounced off of. Next market levels are around 1186.59 and then 1060.00. W%R is below the -80 level and indicates negative pressure on the market continues. Lifting back over the -80 level would warn of a potential lift.
Also note Silver
has similar set-up and corresponding technical levels.