The Futures chart gives some perspective on US markets. The Dow daily chart has been looking like it is still only 3 waves down. The Dow futures chart below then shows the last two days action as a triangle. So we cannot rule out one final move lower to complete a 5 wave decline in the Dow below the recent wave 3 low. Once we get a 5 wave decline then a more meaningful bounce back and retracement of that fall is possible.
The daily chart of the Dow spot shows v=i going down to 24790