CJ, this is not going to end before August sometime, IMO. I believe we have seen only the first leg down. The next and last move down ought to commence soon after June expiration. It should start slowly, and then accelerate into the end of July / early August from what I'm seeing right now. We'll see.
We should see positive divergences in some things at the new lows, and the monthly charts may approach the mid-range on some of the whippier indicator settings.