If there is no bad news forthcoming and the selling was indeed the result of stop loss triggers being hit, there may be a bit of cautiousness over the coming few days and then business as usual (most likely the slow decline we have become accustomed to lately... at least until good news).
Personally, I made a quick stag trade and will wait for the chart to improve. I the think the market in general is in for some more volatility short term.
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