Reversed at last week's range low. Needs to put in a higher low now for any trend reversal. I don't think that's going to happen, but it is one possibillity. No need to get locked down too hard on a bias.
Dip buyers still getting creamed, but there's no buy signal, yet. I used to try and pick a bottom on trend days. Now I know better.
The thing is that the last two days has been such a slow grind down, it doesn't feel like a selloff. I'm afraid there might be another vicious snap like we saw last week.
3920 could trigger a reaction, so that warrants some caution. I wouldn't be surprised to see 3900 today, though.
Today looks pretty similar to yesterday and we got a reversal yesterday 1 hour prior to the close. So let's wait and see if we'll get one in about 20 minutes.
Might get a bounce into close (Cumulative TICK's are all showing slowing downside momo), but I won't bother to touch it.