I agree with brown. Since I rely on patterns to view the market, I usually don't make a bias until the patterns are confirmed (resistance becomes support and vice versa). The selling off during the Shanghai market drop left quite a dent on the pattern, forming a rising wedge. It's broken down but it still has to prove itself by rolling over. So far it hasn't, so it's still bullish. A related pattern to this is a possible double-top (each trader sees the market differently). But nothing is confirmed yet.
