The Bear Market Has Arrived - Key Levels to Watch SPY QQQ IWM

IWM is the first of the major averages to enter into a technical bear market after falling over 20% from its recent highs. QQQ will likely be next followed by SPY. I think there's good potential for a short term bounce around this area, but I believe there's a lot more trouble ahead in the medium to long term and it could accelerate quickly if we don't see any quick relief here.

Time to buckle up, I'm afraid the worst is yet to come.