It looks the bottom is not far now, several times traders tried to assume the bottom being hit only to get uglier. Now, seems the time to bet for a bounce and it may pay you off. If you need a real time alert, try us www.2waytrading.com
Could be blamed on many non-technical factors, but the fibs marked in the chart offer the real reason. Two back-to-back coincidences? I don't think so. The Machine lives, especially among triple-leveraged ETFs...