We are now expecting a short term rally to coming back into the $4,200 region to clear all trapped liquidity , Then we are expecting the next leg down to begin to target the pre pandemic lows for the long term swing lows. As we know there was a large amount of cheap money injected into the markets and as the principle dictates what the market gives easily it likes to take back + interest. On the bright side this would likley be the Reccesion bottom before we see the next economic expansion to take place and the money printers to turn on again as history indicates for the next bull market to begin where these opportunities will not present themselves for the next +30 years
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