Looking at the last week +, the DJI has broken through multiple areas of long term support. The fib retracement shows a confluence of 20,972 and the .382 fib line which ideally will act as support and a consolidation area. Given the weight of all daily news relating to COVID-19, I can see this area failing very easily. As such, many of the remaining long term support levels are widely recognized and I don't anticipate that they fail without a retest. Fear is rampant and no level of hopium will reverse the trend we are in. My vision is that over the next 5-6 months the economic effects of COVID-19 will set in and grip society and shake down the market even further. Without delving too far into this, it has been hinted at that a vaccine for COVID-19 will be ready late summer/early fall which will be the catalyst needed to flip things back around in day to day life and allow the markets to recover. The confluence area of the .618 fib (15,300) and diagonal trend-line beginning back in '94 where I think this will happen. In my eyes this diagonal trend-line acts as a sort of bottom-band of the mean for the market. As always dyor and consult financial advisors, especially in high stress times like these.