Are we now going below 600 on SPX?

UK is imploding folks. FTSE started cratering like a hot stone due to the situation I had mentioned here on xTrends a while ago. Their banking and real estate markets are where we were in late 2007 and as I said this would be the catalyst for the impending terminal sell off here in US markets.
As the following trends indicate, major breakdowns were visible on most of the major indices as well as the Dow Industrial which I had repeatedly showed here. See the following index charts and a few other major components.....

Regarding the short term, the market naturally gaped down after FTSE and other European markets sold off and I am still holding a small short term position from 871, which I may close tomorrow morning based on the conditions.

IF I see this market going for my ultimate target somewhere below 600 on SPX this month, I will fix my mistake quickly and reenter intermediate term short positions in size. However I still think it is unlikely to happen during the earning season.