This retracement may be last of major retracement for long time and best time to plan long term investments in my opinion.
For / option traders this phase will be a testing time with complexity of waves to follow as it is not easy trading in decline.
This week shorts should be avoided in my opinion.
The are for completion of complex C waves in nested which is in formation. Colour coding is used for nested triangles that is in formation
( Note: Please note that This is analysis only and not a trading advise.)