The market is setup for shorts, but entry is tricky here. Stochastics are oversold. However, price is under the 50 day moving average. Entry here can be taken with different risk strategies.
The first would be to place a stop right above the 50 day ma. The problem with that is the market is oversold and could bounce before resuming the downtrend.
The other strategy is to place the stop over the 200 day moving average. This protects you from getting stopped out of a profitable trade, but increases risk. If taking this strategy, it would be prudent to decrease position size.
Its also opex week so beware of funky moves that come out of nowhere