Here was my update from about 9 hours ago:
𝑾𝒆 𝒕𝒆𝒔𝒕𝒆𝒅 𝒏𝒆𝒂𝒓 $8500 𝒅𝒆𝒑𝒆𝒏𝒅𝒊𝒏𝒈 𝒐𝒏 𝒕𝒉𝒆 𝒆𝒙𝒄𝒉𝒂𝒏𝒈𝒆. 𝑴𝒚 𝒄𝒂𝒍𝒍 𝒊𝒔 𝒘𝒆 𝒘𝒊𝒍𝒍 𝒕𝒆𝒔𝒕 $8500 𝒐𝒏𝒆 𝒎𝒐𝒓𝒆 𝒕𝒊𝒎𝒆 𝒕𝒉𝒂𝒏 𝒂 𝒑𝒖𝒍𝒍𝒃𝒂𝒄𝒌. 𝑯𝒐𝒘 𝒎𝒖𝒄𝒉 𝒐𝒇 𝒂 𝒑𝒖𝒍𝒍 𝒃𝒂𝒄𝒌? 𝑰 𝒕𝒉𝒊𝒏𝒌 𝒕𝒉𝒆 𝑩𝒖𝒍𝒍𝒔 𝒉𝒂𝒗𝒆 𝒕𝒉𝒆 𝒎𝒐𝒎𝒆𝒏𝒕𝒖𝒎 𝒓𝒊𝒈𝒉𝒕 𝒏𝒐𝒘, 𝒃𝒖𝒕 𝒕𝒚𝒑𝒊𝒄𝒂𝒍𝒍𝒚 𝒘𝒉𝒆𝒏 𝒘𝒆 𝒉𝒂𝒗𝒆 𝑹𝑺𝑰'𝒔 𝒍𝒊𝒌𝒆 𝒕𝒉𝒊𝒔 𝒐𝒏 𝒕𝒉𝒆 𝒅𝒂𝒊𝒍𝒚, 𝒘𝒆 𝒕𝒂𝒌𝒆 𝒂 𝒃𝒊𝒈 𝒕𝒖𝒓𝒏 (𝒃𝒖𝒕 𝒕𝒉𝒊𝒏𝒌 𝒉𝒊𝒈𝒉𝒆𝒓 𝒍𝒐𝒘𝒔).
Am I posting this update to be self-serving because my call was correct? Of course!
On a more serious note, it appears we broke $8100 which served as support. Where do we possibly go from here? This appears to be a technical pullback, but I'm very bearish in the short term. A pullback to $7800 with a good size bounce might be where we are heading. I'm less confident though about how far we are going down in the short term, compared to my update earlier.
I'm not a financial expert; this isn't advice. Please use your best judgment and do your own research.