US 100 is currently moving in a bearish channel. It could turn out to be a bull flag or a start of huge capitulation move....We don't know.....What I do know is as a day trader, I will sell at upper end of channel or last heavy resistance and buy at lower end of channel. My profit target is consistent at 50 pints conservative and 100 points if the market really moves in my direction for that day. Day traders need only to trade the structure for that day, and see where the price is hovering and take trades for quick profits....For investors, its a different story, u can build small positions in ETFs since you are looking at long term and can always average out... Indices are built to go up, there will be periods of consolidation and corrections, which is the best time to build small long term positions.....There are perma bears who believe the market will go to 0 at some point, they just spread fear to validate their view.....