VML chart, page-2

I have the next fib level at 2.4 and a pivot at 2.6 on the weekly.

MD - SP was falling towards these levels anyway so I'd say no.

Fib levels over the recent decline intersecting with the 50 ema on the daily are a little more than alarming particularly if we break 2.4. Interestingly, the next fib level down intersects with an August 2020 level.

Off topic - Holders pre-aug 2020 selling us into oblivion it seems. Macro and announcements will hold more weight than TA imho. ZQJ2023 indicating we wont get any reprieve from the US fed until late 2023 at the earliest unless we have some undiscovered method to successfully deleverage with a soft landing.