When we look at the trend lines I find it interesting that the pattern is largely intact during this latest down. Crossing over the 50 EMA is common as it hunts for the tops and bottoms of the trend.
Looks like we've fallen into a bit of a major point of support/resistance and the market isn't sure where to go.
I am gonna wait and try to get an entry at 50EMA cross with bearish engulfing showing selling pressure