CURRENTLY DOW JONES MARKET STRUCTURE SIMILAR TO 2008

Hi everyone, this post is not to scare anyone but, after doing some analysis I've been watching the 200 weekly ema closely. If we hold at the 200 weekly and have a solid high volume bounce that pushes above ath ill be bullish on the market but, until then I will continue to remain bearish on this current situation. I am also watching the 20 weekly ema and 50 weekly ema for a bearish cross over. This week we pressed up against the 50 weekly but got rejected. If we continue to go downwards I believe price will squeeze between the 50 ema and 200 weekly ema just like we did in 2008 until we break out. The Fibonacci retracement zones also seem to be a good indicator for predicting price action as well on the dow jones. The rsi and macd are also matching perfectly to the 2008 cycle. I put cross lines on the points at which I think we are in the cycle comparative to 2008. The pink upwards trendline weve been over for the past 12 years also plays a huge roll in this cycle. If we break this line and close below the 200 weekly ema in the next few months I will be completely bearish on equities, that is until price crosses back above the 200 weekly EMA. Another thing I wanted to note is DONT wait for death crosses on the weekly because it is a lagging indicator and it will be to late for exiting out of the markets at that point. the downside target I projected is just for fun but it can possibly be a believable one if you compare it to history. The only this about the down side target that makes me not so confident in it is the visible range (VPVR) on the target area is a low horizontal volume area. Lmk in the comments if you guys have any questions or if you have anything you can add to this analysis! Much appreciated and good luck guys!