- Continued FED-tightening is bearish equities - Recessionary circumstances (US & World) is bearish equities - Strong(er) Dollar is not bullish equities
- Analysis based on Fib-Confluences: - 3500 = 50% retrace of Covid-uptrend - 3500 seems likely as downside target - 3250 is 62% retrace of Covid-uptrend = 162% extension of recent upswing - 3250 remains to be seen, but certainly doable this year