You can see there is no volume, despite the sharp drop... You see the "Smart Money" cropping their profits.. I believe they will be followed by others until we meet serious support on 1800. That may be the bottom of the bear market. Generally I see 2019 as the needed recession..
Wave 5 completed, reaching resistance line. Stochastic is in overbought zone. Go Short now. SL 1.3249
Wait for the E leg to complete and Stoch to get over 80, then sell from orange zone.
Price is near support line of channel. Stochastic show oversold and MACD is in divergence
Penant formation and Stoch is Overbought. Go Short.