The trendline from the COVID low of last year to the lowest pullbacks after was breached. We of course use the swing out method and re-establish the trend when it finds a bottom this time, the next support line is about 3680 from January, there was a lot of volume at that range. If we punch trough that, 3600 could be the next stop. This is a strong selloff today. We likely have more negative news for jobs tomorrow. The only thing that makes this hold is perhaps a stimulus plan, but this package is large and it doesnt help anyone that I know so that could be met with mixed results.
I'm putting Neutral on this but looking for short possibilities still