So we are still bearish for now. We did retrace back up to touch the daily 8em before resuming back down but we've experienced a lot of chop. I expect test the lows of the current range and 6k. I'm still planning for 5200 ish target. If this does not test 6k then look for a bullish move back to 7500 to even 8k on a fib retrace from recent highs.