Looking at historic recession losses of the S&P 500 and given the current market conditions pointing to a recession one has can derive more downward movement for the stock market. Looking at the S&P 500 there is still a lot of room downwards to an overall 20-40% correction down into the recession from the last ATH.
-------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!