Well, it looks impressive and only time will tell if there is more to it than meets the eye. If this decline would have started with much more of a choppy ride, the chances are good that we are into just another correction. Even now it can be with impulse waves forming we can be in a correction it just may take us more time to play out.
There is no support I can give if we are in a Mini 1929 move or a Mini 1987 like crash. Any major support may come under 15,400 as the entire 2016 bull market could be a fake, and fake runs always get retraced by 100% or more.
The markets have been so slow and I don't what it will take to, "Shake it Up". I little panic sure would help but we need more than what we have had this morning.