Finally someone with a brain speaking:
"Back to $200! Bear market any minute now!" ... "It's just a flesh wound! 10k by the end of the year!"
How about: the market is testing the downside after huge gains were made during the past months. And "continuation or reversal?" will be largely determined by how this test proceeds? (e.g. support will or will not be found at a level which suggests the larger bullish trend remains intact)
My question is, where do you think this support will be found? Is it already found (3600ish), is it 3200-3000 or further down?