We got a consistent message from Jim Sinclair and he is giving us some new angels to look out for.

"Market situations like this will be found to have held and created bear traps in several instances of similar pattern action over the past 30 years WITHOUT having continued further down to first major support. The current corrective pattern over the past 23 trading days strongly implies that the move below $1690 would continue on down to the core at $1665 at minimum as first bottom, and in the extreme to $1615, but not below $1584. This will happen prior to exhaustion and a return to the full bull trend.

So far the remaining successive levels of $2450/$2510; $2850/$2900, and $3280/$3330 are not affected."