$SPX New 52 week lows  and the index is now down 24% from the January peak. Combining this with the 5 out of 7 days intense selling data (historic, record), being at the bottom of the channel and near a 25% correction with yesterdays low. 3,613 would be the number there if it hits, bottom pivot at 3,586. SPX is a 30 RSI here now. 

Means that a countertrend powerful bear market rally is all more the likely. I also like the fact that the market is "setting up" pyscholgoically through the last weeks that no rally will hold, ever again. A bunch of gaps overhead now (4 just from the last range breakdown from 4,176). The 9 day is up at 3,864 right now and 13 day at 3,945. XBI up 5% today so far as a risk barometer. 

No idea on the timing, though I will continue to make decisions at the close. I have two entries right now on SPXL (3x etf long), my second one a bit larger than my first as I prefer to not do options. If I need a third that is fine, scale to protect. No fear, no fomo, the risk/reward says bullish.