Told you a couple hours ago it's testing around 280 on cexio more than 18% of losses today, is looking for the 50% fib retracement.
Further losses and could trigger a panic sell but i don't really think so, as this market have showed us in the past, the risk averse traders would sell while the big fishes load up when it first hit 225 there was a 50% retracement also so i think this is the case.
Whatever happens, from now on I'm waiting...