based on collective information, charts, geo events etc., I agree a bigger flush on the horizon and would hold with your 7.20's entry. I want to book some profits and re-position on 5EMA
Likely odds of a short squeeze relief rally as large traders will be expecting Powell to sooth markets next week, he speaks Friday after 2 day FOMC, along with no change in QE for now
If there's a bigger correction looming, notwithstanding a black swan, I would guess from Oct earnings season, if forecasts are lower do to inflation eroding profit margins