Bears are ready. Many bulls are ready, as in on the sidelines. The death cross is now imprinted on the foreheads of those who believe the crossing of the Russell and the SP500 long term trend averages is the big voodoo. Actually, many who believe in the 50 or the 200 day moving averages have a metal plate in their head.
A good hard break would be refreshing and well predicted as of today, but those events do occasionally coincide. Anything which will increase volatility is being subscribed to by the active trading market participants while this year's rally has now climbed to a height where the bulls are using caution as a strategy.
A set back to buy is what the bulls really want while the bears want death dive squared forever.