One thing to note here is that Monday is a hol over here in the US...This could be important.
Now see the chart..the decline came on low volumes...I find this quite interesting. Why did this happen?...Is it setting up for a short covering rally after the public is sufficiently beared up?
One very interesting thing I see now is that the 'experts' are all beared up and are expecting retest of Jan lows.
Now I am not an expert and I am not going to try and predict Mondays moves. If you are not in a trade, it might be a good idea to stay out on Monday. I have some small longs..And the plan is to hold this if 4900 holds...Break this and I will be out. See if it consistently trades below 4900 for 10 mins...
4920 and 4900 and important levels. I do not know more than this now...I will try to post updates when I can...If I were to guess, I'd said we do a small bounceback from here or a bit lower...And then maybe setup a long and painful decline. Overall situation is not good.