I thought it be left shoulder since corporate taxes hugely came down, but regardless stay with the system, stay short ES to hedge stocks/long term short indexes and long calls for maybe dead cat bounce or more.
Most certainly down sir........, eta an inside bar is a to be continued book.. Just something to ponder
Stocks below Feb 5th lows near term. Under that level you cover your shorts and get long again. Need more of a shakeout to take money from the weak. That's the point of shakeouts, weather on the long side or short side.