On the cusp of a break down to another 20 percent

Isn't this exciting?!?  Unless the market holds the line by close of business tomorrow, we are going lower.    The critical levels are NOW, 2480, 2250-1900, then 1600.

We close materially through 1600, you better be prepared for some crazy we never could have imagined even in 2008.

But to keep perspective, we aren't as low as the end of 2018.  So we lost only about 15 months of gains.  Still, it seems much worse even to me.

Picture for your consumption.  Look at earlier post today for views of 2250-1900 and 1600 why so critical.

Update 3/13/20 - Futures are positive, I am almost 100% long (got stopped out partially on one position).   Target over next few weeks is 50% retrace, which will be near SPX 3,000.

Targeting SPX 3,000 before going lower, target 2,250-1,900.