Technical
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...
