It's pretty obvious we're in a clear downtrend from our blow off top I keep seeing ppl trying to long from 13k down and buy the dips...WHY??? you trade this with a bearish bias we're in a very well established pitchfork channel showing us the trend direction...however once it's broke the pitchfork to the upside that will be the signs of a possible trend reversal but until then I don't see placing longs smart...nobody knows the bottom but it's highly unlikely to be 7700~ gl.