The Great Unwind. SPY technicals + fundamental analysis.

The VIX is up 20%, Put-Call ratio is almost down -5%, price is below 50/200 EMA as well as falling below a large volume order block. These are just the technicals that have been building up, the fundamentals however are much worse. Oil prices may suffer greatly due to the Ukrainian tragedy. Things are really messy politically and I can't see there being a best-case scenario where markets don't react with a correction over 10%. My personal P/T is around the 320 range. Buying puts with 60-90DTE may be the best case scenario. Those who are less risky could sell cash secured puts.