While we were made to believe that the 10%  fall was due to human error, the truth is that it has revealed a level (1080) at which professionals peg stocks as a bargain and will step in to buy.

This line of support projects a correction to at least 1080

Personally, I think professional traders pushed the market down at 10% in an effort to buy stocks at a bargain. I don’t think they were able to buy enough so they are going to force the market down again and load up. Because of this, I don’t think we will see a top but just another significant correction.

If the market does fall to this level, it will be close to a 5% drop.