Time to raise cash levels

Bear market bounce has at most 2% upside, which is 6200 on the FTSE and 1980 on SP500.

Personally, I can only see an upside of 6100 in the FTSE and 1950 on SP500.

Down side target by mid March is 5500 on the FTSE and 1800 on the SP500, before a bounce into a May High around 6000 on the FTSE and 1980 on the SP500.