Chart, page-12244

Yes, you are quite correct the SP was on a slippery slope has been in a downtrend for several months now forming a Flag pattern since 26 June when it broke its support, we have hit a new low for now IMO, & now have started a new uptrend channel IMO. looking at the chart overall one needs to assess his situation where they have entered & make their decision where to hold or fold when the time comes, whether to jump ship or ride the waves,
I keep stating that for me it is in an uptrend when buying at single digits, anyone buying above @30c is still in an uptrend. investors need to make their own interpretations where they need to buy or sell... some of my interpatations below for consideration...

https://www.investopedia.com/terms/u/uptrend.asp