My theory is that we have a long way to go to reach the bottom of the market SP: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!