SP500 2409 new low on Friday 21December 2018

SP500 plunges 8% in one week. Down 18% from all time high of 2941. Whenever the market falls this much in 90 days, it usually enters a bear market. Bear market level is 2353, another 2% down. Peak 2941 to Feb low 2532 gives further downside target of 2223, that's a further 8% down.

Buy 2223-2353
Sell 2550-2600

Stock allocation 51%