SPX 3,854 would be a 20% correction from the highs, coincides with the 3,815 fib, 38% fib. An area I've had in my 2022 forecast for sometime. My 2022 forecast range is 3,800-4,800 which I included overshoots in (forced liquidity and/or momentum). At the beginning of the year I called for a 10-15% correction in SPX and the 15% area came in at 4,095. We hit 4,062 on the recent low. 

Good day yesterday for shorting and hedging. It took having to have flexibility as usual. I originally took off my hedges at 4,170, only to put them back on when markets went down and back up to test that area again. I have a statement on my white board in my office that I adhere to when trading: "Be flexible when markets change". 

My last buys for my long term accounts were at low 4,200s. That is inventory that I repurchased after selling at 4,800 area highs last year. I have inventory still from much lower prices in the corona crash buys. 2018 during the 20% correction on Christmas Eve was another major buying time for me. I remember because I was still in the business and worked 14 hours that day helping clients take advantage of those prices. 

I have a good friend who has been a bear for many years and we share our insights together. It helps keep us balanced in our strategies and create a plan that suits our personal tolerances and time frames. I come here for that as well. 

I'll be out in nature again today and not watching every tick. I do some trading, though limit my activity to particular days of the week when I feel I'm out of balance. Too much computer time or news isn't worthwhile for me. Once the analysis is done and plan set, then I just watch the close prices to see if I need to adjust. Simple alerts for particular areas on the indexes save me a lot of time. If the SPX hits a certain number, I get a notification. Otherwise, no need to watch. 

I'm allocated with a cash, fixed rate interest accounts, fixed rate bonds, and stocks. All of which I can sit with through a corona crash situation and be ok. We would be ok if markets went to zero still (we would have much bigger issues anyway if it gets really bad as a world). Our income isn't based on it or living needs. So there is no fear in the equation when planning that way. I learned long ago that if anything was keeping me up at night that I had too much. It took me years to figure out the right mix and I'm sure I'll continue to adjust as I age. But those aren't overnight decisions. 

 Lots to be thankful for waking up this morning. Looking forward to seeing my grandson in 3 weeks or so, he's 7 now. Will be in Florida for the week.  All the best, enjoy your day.