Look at the top of the 3810-3900 previous inflection point for the S&P 500 index. The important support will continue at 3702 during the period this week.
The next important support level is 3509,Which is a 50% retracement of the full height from the 2020 pandemic lows. - The last VIX high at 35.05, the close below 32.05 is a buy signal for the indices, (The analysis fails if the index breaks the bottom of the price 2312.4) my best wishes
The two main issues facing the market are inflation and rates. The dizzying, atmospheric heights on the SP run up (and ors) suggested we needed some news to deflate. We got it! Now, you cannot remove politics from the market, so Powell's "too little, too late" will be tempered with any reported inflation "softening" ... and we just got that too, courtesy UMich. So watch the rate brakes apply as we approach mid terms and the QE spigots get opened back up .... for a while .... Long SP, Oil, Foods (commodities), Bonds/Treasuries, Short USD ..... until I am not .... and Walled I like your charts and believe you will be proved correct ... just not yet .... just my 2c worth ....