My opinion is price action will continue to be bearish to at least $1240, but would could back down to July's low of $1200, before heading back up. Noted lines are trend lines underneath price action. On shorter time frames will be playing bear side for long term, but if you are day future/option trader each day might be a reversal and/or consolidation day, so refer to technical and/or fundamental information, especially what is happening in Asian markets, for USA traders.