Correction Continues

The last leg down seems to be upon us as the characteristics of the decline today is indicative of such an event.

I don't see this being a straight shot down to our final bottom, but you have to be prepared for anything.

The hedge remains in place and targets for the final low are as follows:
1428-1423
1388-1380
1348

All targets are basis the S&P 500 and the highlighted target holds the most weight.

With much of the talk of a panic today, it could very possible be a set up for a rally tomorrow or Monday. This rally should be sold if it presents itself.