I want to see bears really demolish a bounce on the daily chart (not intraday) before predicting that kind of carnage. We're working on a 7th red candle in a row. Waiting on that bounce....
There it is. Very nice intraday move:
Threatening a local top on the 15min-1h. It's important to keep an open mind here. Bulls aren't in control yet. But if we can secure the $9,400+ level as support and push new highs, then we've trapped a lot of bears. There was heavy selling below there = fuel for a rally.