qcomer, S&P500 went from 123 in mid-July to 131 today. Did you predict that would happen? If you did, good job.
Stocks prices are lagging indicators. They fall after company profits fall. I expect the slowdown in consumer spending to lead to lower profits and thus lower stock prices.
Short-term trading is for the pros, so that leaves me out… good luck to you though if can be nimble in that game.