I think we are building for a much deeper move. I'd wait for a retracement around 2800. We could go as low as 2500, In the near future... IMO The low is set for the day.
Fauci said COVID-19 is at least 10 times “more lethal” than the seasonal flu, even if the mortality rate drops far below the World Health Organization’s current estimate of 3.4%.
There is a key advantage of being long vs short. Shorts have to exit eventually, so you really need strong convictions to short. Now the market is down 20% or so already after 2 weeks of CV. Unless you can tell the freaking future, do you want to short more? Any big down move from here is getting into value territory, which deep pockets people may start buying.