Are Markets Really Crashing? (An S&P500 Study) #SnP500

Traders, If you have been following the news items on mainstream media or social media, people all over the world seem to be discussing recent fall in indices indicating another market crash and a possible recession. In this study lets look at S&P500 index from almost purely technical point of view.
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Comment below and let me know what you think of this analysis and what is your opinion in this matter? Are you trading S&P500?
Have a great trading week!