$SPX, Don't fall for the bull trap

The S&P 500 is still far below its trend lines, market sentiment according to CNN is in extreme fear. Volume is rising as prices drop, reflecting this fear.

I believe in the short run the stock market has a lot of room to fall quickly. The stock market gives an annualized return of roughly 8%, but even with the drop, the s&p is still far in excess of the annual 8% above its price before the 2020 drop.