an initial shakeout and IF the market then bounces, some of the stocks I will be watching closely for a bounce include;

QQQQ calls

I will be watching them on a 1 minute chart and looking for them to make a lower low with the second low coming on less volume than the first low. I will also look for the MACD to diverge on the 1 minute timeframe to indicate weakened selling pressure on a new low. These stocks are in horrible downtrends and the setups are VERY HIGH RISK, if you are not experienced and disciplined I would suggest you sit in cash. If the trade setups do not follow through quickly I will exit with small losses. The trend is lower purchasing stocks long is HIGH RISK.