Should I stay or should I go?

This week, market is seeking to stabilize after last Friday's sell off.   It's difficult to be sure in very short picture. We can push much lower today (my privileged call), in which case it will be the 5th minor wave of the 1st down, as well as we can stay in the range of previous 2 days or slightly rally in order to work out short term oversold conditions.
Let's look where this market is heading in the nearest perspective.
In my opinion, both SP500 and Nasdaq Composite are heading to test (and pierce) their 200 days MA.

And that should happen within weeks. After that, we'll certainly have a tradeable rebound  and then the real things will be able to start. Currently I think that we will start the new Big Wave down somewhere in April heading in what Yelnick has called the Summer of Disillusionment.