SP500 sell offs in 2022 have been of similar magnitude. Bear market rallies have rebounded equally to 62% FB level of previous sell off. Sustained volatility and poor forward earnings will result in continued PE compression across growth sectors. Energy prices will moderate due to demand destruction causing energy sector reversal. This will result in a final sell off, VIX 45+ event and bottoming around 328 - 322 SPX. This would return SPX to demand zone of 2021 market hyper-inflation.