Bull's last stand can be made at the 200-day MA, but we've never even touched it before since the start of this run in 2015.
Bulls are seemingly in denial - everyone else is complacent. Complacency might turn into panic selling after we make a close below the 200MA.
Below that, my target for a bear market is a .786 retrace over multiple months.
Watch out for this, though:
The 4h ichimoku has built up a c-clamp too. This is what you have to look for:
The c-clamp is an extremely easy signal to watch for and also extremely reliable. The kijun (red line) is price equilibrium - and price always (always) returns to equilibrium.