Have a look at the above post and have a look at the following chart of EW theory
We are somewhere near red line. Long way to go down.
This C wave is developing 5 legs (overall ABC correction, 5-3- 5 zig zag -A had 5 legs , B had 3 legs and now we are in C ) . Currently we are in 3rd leg of the C then 4th leg counter- bounce and then down again in 5th leg.
But it wont be a straight fall .Next stops can be at 16150 - 15400 . But if it does not stop there ,then all hell would break loose.
Be careful guys.We are in Satge 4 as per Satge Analysis, Try to avoid bottom-fishing till we dont form a base in Stage 1.