I've been frustrated trying to figure out what the s&p500 is doing as it won't crash and won't recover. I think it might actually be forming a diamond bottom pattern: https://thepatternsite.com/diamondb.html
This is a pretty accurate sign of a bottom. It's likely to fully recover, so if it starts breaking upward don't question it. Good luck!
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Looks to be breaking out to the upside. *Fingers crossed*