Technical Analysis Suggests Depression in the United States.

This is a monthly candlestick chart of the SP500 from the 2008-09 financial crisis to the all time highs of Q4 2019. As of this writing (April 1 2020 - start of Q2), the market has sold off, bounced, and now begins price exploration to the range lows. If I am right and price tests at least the range lows of our previous range, then we're in for an economic depression. And there's nothing to suggest that price cannot go below a 50% markdown. This is just a first target.

It is also important to note that fundamentals agree with the technicals. Jobless claims due to COVID-19 and the governments response are estimated to be many multiples higher than the 2008-2009 housing crisis. Further, the Federal Reserve has lowered interest rates to near-zero. The economy is at a standstill. Also, investors are not buying long-term government bonds, as indicated by 30 and 50 year T bills rising dramatically. Note also that the market continues to drop as of this writing despite the Fed's massive liquidity stimilus. If the Fed (And the U.S. gov't) can't stimulate a rebound in the SP500/DJI with a 2.2T stimulus, then we're in for really hard times.