I think the market wants to go lower, but, once a channel is firmly established, it's really hard to exceed the channel in the direction of the channel. Draw a channel on the current pullback and you'll see a great example of this in the current action.  Probably need a bounce (maybe B) to set up another leg lower. That next leg lower might be C....or maybe it will play out with something more bearish. We'll see. Still lots of Gov debt sloshing around in the system.