My theory is that we have a long way to go to reach the bottom of the market SPX. Based on my previous post, which I have linked, we would have to reach some sort of support before coming back up.

The current price I'm looking at is $2,191.86 . From the all time high in 2022 of $4,818.62 to that price is a 54% drop. See that the drawdowns of the past few recessions have been around 50%.

This gives me more confirmation that my theory is true and we shall see how long this winter lasts!
bottomdrawdownlongtermPivot PointsrecessionSPX (S&P 500 Index)S&P 500 (SPX500)StockssupportSupport and Resistance

ITS IN OUR JEANS
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