the nips are where the most trades took place or it spent the most time there,volume chart vs. time chart,so there are a lot of leftover shorts there that would love to breakeven,with that theory they will stop the fall and you get a bounce, that can sometimes be overwhelmed with a larger agenda and it stops but doesn't bounce, in that case,all those buyers were absorbed into a bigger sellerQuote from EON Kid:
85 seems to be a good downside target if we decisively break the September lows