Bars pattern which I gave to the chart are from 2008. I think when it got below 2 big supports it will fall even more. Maybe it will fall to 2100 $, maybe not, we will see in the future. This prediction is based only on my opinion. I am not saying that you have to short S&P 500 , although I would in your case. I am only trying to say what can happen to S&P 500 .
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It's unbelievable how similar is S&P 500 going to the bars pattern from 2008. We will see if it continues or it will fall quicker than in 2008.