Expected by who?
I strongly believe that we'll respect the 200 moving average, and as long as that is the case, I don't expect much action below it aside from a potential flash wick. Only when it closes below that average it's time to worry and think about even lower levels. We respected it back in 2015 and the odds do favor a similar happening.
People are just following the trend. If the trend is up they think it will keep going up and in this case it's people thinking it will keep going down.