You get the feeling that any opening bounce will be sold into. They way the market has been closing with big falls in the afternoon and particularly in the last 20 minutes of each day is strong indicator/symptom of a down trending market. Sell the bounce instead of buy the dip.
Our market tanked today despite US futures remaining flat the whole day and our futures haven't bounced at all which shows a complete distrust of the US market open. It only matters how it closes.
