Indexes Downtrend

As the 2-year Support Line has not been breached, the Downtrend has not yet been established. Swings continue within the 2-year uptrend, but until the "Downtrend" Resistance Line is breached, I believe the Downtrend is in train. The threat of a market crash appears to have receded, at least until the 2-year Support Line is breached.