S&P500 Index Down more than 14% since the cloud chart sell signal! Bear market rally gaining steam!

S&P500 Index down more than 14% since the cloud chart sell signal! Bear market rally gaining steam! Price action is below the bottom end of the weekly cloud and this remains bearish! S&P500 lost support at the front end of the cloud at 3985, with downside risk to 3506 front cloud support zones on the monthly cloud chart!

Downside risk toward next key cloud chart support zones of 3890/3841 to 3805 and 3792! The bears are roaring, the great conspicuous consumption bubble is rapidly deflating!