At the end of every big bull run, there is an initial decline followed by a period of distribution - then comes the decline. IMO the decline has only just started. Next firm support comes at the 200 day moving average.
This has been true for some time, but the recent actions of the AI/tech stocks have been alarming. IF this is the start of the long-heralded crash, then we might have to wait for good support for RR at the 200 day moving average.