All the red and bad news in the market make me think different.
SPY is slightly below a key level and Russel 2000 hit the 2020 pre covid high.
A bounce is very very possible here!
Nestle broke and closed below key 101.0 structure support.
looking left we see that the next structure is lying much much lower.
the stock has enormous potential for a further bearish continuation:
The next key levels are 93.0 and 82.0
good luck!!