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S&P with dotcom overlay - is the S&P heading for a 50% fall??

Short
S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns S&P 500 (SPX500) S&P 500 spx500short
14
3
trendanalysis chartpattern spx500 sp1! spx500short
The chart shows the current S&P price action with an analog overlay of the dotcom bear market.

Scenarios;

1/ Near term support at 3900
2/ Mid term support at 3600
3/ Longer term support at 3200

A break of all 3 of these support areas could possibly see a fall to 2345 or even covid19 lows.
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