Chart - Z1P, page-15180

I'm actually mildly bullish on the overall market as the declines in the main indices are not impulsive enough to trigger a crash.

My secondary count sees the S and P bottoming around 4220 and it it finds support in the region 4180 to 4220 there could return or exceed all time highs in a parabolic move .

I cannot see a five wave completed move to the ATH and it opens the possibility that this recent correction is only C of a fourth wave of primary degree which will terminate at the level of wave four of three.

in that event 1 and 3 of 5 from Covid lows are of equal lengths and in that event five of five must extend and take S and P to 6000 area

Just because we are in a bear market of overvalued non profitable tech does not mean the whole market has to crash as it's really a natural selection process to move money away from these smoke and mirrors stocks to profitable market leaders as the money has to go somewhere.

If the S and P rallies 30 or 40 percent stocks like Zip will see some rallies but they will be sold into as ultimately Zip is going bust or will dilute shareholders to oblivion.

Most people will learn their lesson to stop averaging down on Zip and due to the large overhang of underwater positions any sustained move higher will be difficult but if my secondary count is correct some profitable beaten down stocks could see 100 percent gains