here are the updated targets for the SPY (daily chart) should my primary scenario play out and assuming that the market has already peaked, which seems very likely IMO. however, we still need to see some impulsive selling start soon to help confirm that is likely the case. at this point, i am nearly 100% short in my trading account (a few longs in the IRA’s but mostly short there as well) and plan to hold out for at least T1 before covering any positions, other that those that hit a final target or look poised for a meaningful bounce before then.
