Price action and pattern is showing a bear flag. I don't want to see a bear flag, don't want to call a bear flag, but that is what we got, at least for the moment. So I have to throw out the 'caution' flag for those who are thinking about jumping in.
Market internals look choppy with side-to-side bumping at this price level. We need to see more firmness and a consolidation occurring before committing to a play