This is just preparation... based on; inverted yield curve, gold break to upside, Brexit, looming climate disaster, China Trade War and potential Deutsche bank collapse, unfunded liabilities ect... blah blah blah... and technical analysis of course.
Oi. Reel it back a little. We still haven't confirmed a downtrend yet. I'm bearish but let's not get emotional and become "End of the World" prophets. I like your technical BUT 1500 doesn't sound like a bad place to stop. Look into transitional bull phases and the history of them in our stock market. It appears we have stepped into one. All has happened similarly before.