I dont want to argue now about being bullish or bearish, no. My point is: Why not just react? Futures fair value can spot an lower open (which will likely mark the beginning of the "expected" correction). Everyone here, even the ones who manage a bit of OPM -Other People Money- have relatively, so small accounts (some millions at most) that we can get in an out in a single day. We are NOT the billion dollar hedge funds who must plan weeks before the market, because of the massive amounts of money they manage. If you can't get out in a single day, I advice you to diversify.