I've been short. Still believe there could be further significant correction mid to long term. (See related ideas for further justification of short and long). I would not go short at this level. Side lines or long is the only option, in my opinion, at this time. I've opened a small long position. This is a higher risk trade.
Trade active
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Long trade still active. Adjusted SL to ~breakeven. Will probably make additional adjustments. Current TP is on chart, but I will also let price action determine TP.
Trade closed: target reached
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TP hit. Nice trade. Make $$$ going short, then reversing and going long.