First chart shows that the market has established a clear zone of resistance between 1988 and 2044 or so, turning down from the lower end of that zone on Wednesday. Favour immediate further downside while the market remains below the lower end of the resistance zone.
Second chart illustrates the daily chart wave count and my expectation that wave five to fresh lows has begun. An expectation based upon the current down trend and bearish wave structure at every degree of trend. I'm keeping my eyes peeled for any bullish indications that the market may present, but I don't see any at this time
Hourly chart of all sessions trade shows the clear Elliott Wave structure, which favours further immediate decline. In European trade the market is nearing a test of key trend line supports. Below 1940 initially would boost the near term bearish case, and below 1920 even more. Let's see.