Yes, Just about as strong as my convictions could be. That in no way means my call for a prolonged & outsized bear market will play out, just that my convictions, based as much on fundamental analysis as well as technical analysis, are very strong.

The good news is, assuming that I’m right of course, is that it will be multi-year probably (6-10 yr+) secular bear market with plenty of cyclical bull markets within. If so, it will be a swing/trend traders dream… with huge profit potential for flexible (long/short) traders.

If not (& as always), I’ll position for & trade the market that’s in front of me. I will never position for where I think the stock market, or any security for that matter, will be year from now, rather where it is likely headed in the coming days, weeks, or months.

As such, long-term swing & trend traders might continue to ignore developments & counter-trend bounce scenarios, if attempting to game those was/is not part of your trading plan. At this time, however, it would be prudent to lower stops to protect profits.

Note: T3 has now been hit with QQQ currently trading slightly below it in the pre-market session with about 20-minute before the opening bell. A failure to recover T3 today would be near-term bearish while a solid recovery & hold back above it has the potential to trigger a short-covering rally.