NOPE -- that's the MOST downdraft possible - the 2797

MOST likely scenario
3130.94 - 2766.64
= 364.30 /2
= 182.15 - 3130.94
= 2948.79 as a low for eod June - after 4th of July

IF one looked @ last 2 TOPS =&gt; 2954 &amp; 2945 -- you get the drift where the bottom will be
$SPX
#archive https://t.co/4rKH1xeL71 https://t.co/Z7UInBou5K