I dont really care if the market turning which way. I just follow the trend, and the trend now is bearish, however next hours it may just turn into bullish... We never know
Big down move = more volatility. More volatility = more profit per contract and less chop in price movement. That's my formula of perception of this market.
One thing interesting to note, the foreign markets have tanked but the indices have not moved much. Last week, dax/ftse were moving the indices big time premarket. Indices may be setting up for a morning bounce but then they tank.