Bottom line I don't see a great deal of downside left ( if at all) in the next trading cycle. I look to fundamentals here as well as the chart. Corporate earnings are good. The recovery is intact so far. Some good stocks just got hammered. Not going long just starting a trade
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!