 | |  | | not sure, but likely next big moving is upside.
Either downside moving or upside moving for correction of previous long term movement, its initial stage movement is almost always sharp and furious. Sometimes, the following correction in reverse direction of the first stage can be very strong.
Reference Dow Jones Indus. Index movement before and post 9.11 for illustration.
(current downside moving is likely wave C of correction started from about 11700 level after 9.11 ---- 7200 level to 14000 level is likely a wave B of the correction) |  |  |  |  |
|