Financials, real estate, homebuilders, consumer discretionary, and semiconductor ETFs breaking October lows

Financial, real estate, homebuilders, consumer discretionary, and semiconductor ETFs are all breaking October lows leading many, including me, to believe that we are headed to retest the October lows on the S&P. My one concern is that so many people are playing this market to retest those lows that the trade might have become overcrowded. In other words, so many traders continue to push shorts in hope that they profit from capitulation type action. This could lead to a short squeeze that could prevent the retest in the extreme short term. So for now I am just going to continue to watch and wait.

If I play anything short today, I will again be following EEV and might consider getting long should a good entry arise. I am going to keep extremely short time frames if I do take any and won't hold anything over night. It is too hard to post entry and exit points of day trades, so I will refrain from here on out. But it is one to keep an eye on today.