Slightly Bearish

The market is trying to figure out this correction. Are we done or has it just started? Look for a range trade on these recent lows. My feeling is that the correction is just starting. This recent break acted a lot like the beginning of the break in 2008. Extreme volatility with high volume. Resistance is 107175-107375 and support is 104800. Selling rallies on short term charts until they blow through some resistance.