The descending momentum has been very strong since October 26th, and vital support at around 1216 has been breached. So far we can see that 1216 has become a resistance level that the price is still possibly going down for a bit.
1. Take short position at around 1216.50 to 1207. Stop loss at 1218.
1. Take short position at around 1216.50 to 1207. Stop loss at 1218.