SPX500 & Nasdaq: Confluence! Confluence! Confluence!

With consumer confidence off at circuit breaking levels, the market, technically, has reached extreme levels of support. Let's look at it:

Technicals:
(1) Horizontal Levels of support
(2) 50%/61.8% fib confluence
(3) exDiv1
(4) extreme indicators
(5) Chikou span testing cloud support
(6) 28% drop is SPX

All of these levels are lining up around the same location. And just like in real estate "Location! Location! Location!" is the adage; in markets, "Confluence! Confluence! Confluence!" is the adage!