Drop could be as low as $8,500. A brief flash-crash to 6K could be triggered at some point due to market unrest, though I think the actual floor is around $8,500.
Feel free to share your thoughts and discuss below.
This short has been an excellent trade.
Keep paying attention overall. I'll update this chart if it looks like we may break down again. Technically we aren't out of woods 100% yet, although it does look like we've rebounded for the most part.
If this happens, we have confirmation that we are riding into wave 3, which should yield some nice gains.
If we set lower lows here, though, we will be looking back downward to under 10K.