Time to re-test those lows...

This corrective wave we are in now should end somewhere near 775 or 800, with an outside chance of 825'ish.  When financials, real estate and consumer discretionary are the leading sectors you should expect a turn soon.  [Edit]  However, a pullback to 735 followed by an attempt to rally is plausible but will likely end at 800.  Options expiration should keep this party going for the week.

My opinion is that we make a slightly lower low, around 642 (+/- 8), on the S&P 500.  This should happen on/around April fools day after most of the fish puke up their April calls and buy puts just in time for the 'rip your face off' rally.  Imho, the next rally is the one to ride.   This wave could last until the end of May or longer,  and take us as high as 1050, a 50% retracement of the bear market.

If I'm wrong then I'll misdirect your attention by referring to some other issue that I was right.