We are having some draw backs again because the market is dependent more on fundamental than on the technical analysis. It will rise again in the coming days
You can still apply technical analysis if that is what you want but with the market as it is, it is going to take a lot of effort to make profits, in normal market conditions more than 80% of the traders lose their money then it is very likely that with the market as it is probably 90% of all the traders are going to lose money, so only trade in this market if you are really good because if you don't then you will lose money.