Now or Never -Bounce or Break

Now or never

SPX down to the lower part of the range, approaching the 200 day moving average quickly. RSI at the most oversold levels since early August. We are close to "bounce now or never" levels. Why not even an undershoot to the downside, in order for the market to do what it does best, frustrate the crowd. Don't forget, this market lacks a medium term trend, and it was only last Friday (here) we suggested the market was rolling over.