With a drop of 50% from peak confirmed, it is foolish to buy now. Smart money has their buy orders of QQQ at 200, and SPY at 300. Dont catch a falling knife. Better to buy the bottom since time in market beats time in market.
There is a lot of tech anal that reflects this, but it is a parent that the USA as a world leader has run its course. Countries like Canada will likely step up and lead. Despite the clear 50% drop from here, i wouldnt recommend puts as i consider them unethical.
if you have any questions let me know i am a season investor