Got into a short position this afternoon before the market closed and it came to fruition. Got 137 points. Controlled well and the market is playing as it should which makes the analysis going forward.
The current trend an A or 1. That's it, its simple right now, wait for the bounce back up and put a fib from the high to the low and wait for it to look corrective or impulsive, should terminate near the .382 to .618 retracements, if not then more probable that the bottom is in.