The SPX saw a volatile day, with a sharp 53.90 SP gap & rally to a 10.55HOD at 3182.51 SPX, reversed a sharp 73.52 SP’s to lower Lows at 1.50LOD at 3108.99 SPX and closed lower, down -11.82 at 3116.39 SPX. This volatility is not for the faint of heart! Markets are deeply oversold and we have seen 5 strong consecutive Panic down days in a row, we are in a crash wave. Panics are difficult to predict, as it ignores normal T&C CITs, but lower Lows are likely out there and the 200 DMA at 3044.53 SPX acts as a magnet, but this steep decline phase could be over sooner than later, perhaps in the next few days. We were looking for a 300 SP decline from the 2/19H at 3393.50 SPX, which we got at the 1/26/18H-9/21/18H-7/26/19H trendline at the 3090 /ES and 3081 SPX cash area. If we see this 3045 SPX area reached in the coming days, we should start looking for a strong 100-150+ SP counter trend rally into early next week as there is strong statistical research that suggests we are higher next week, above the 3165 SPX. 1st level of support is at 3081 SPX Trendline support, 3061 SPX, the 61.8% retrace and then major support at the 200 DMA at 3044.53 SPX, where the Fund managers automatic Buy programs kicks in. MOB support is wave 1 High at 3028 SPX, below that is Tunnel Price target at 2991.54 SPX, then 2954.10 SPX, the 5/1/19 larger wave (1) High. We saw a wave 5 of (3) at the 2/19/20H. We are now in a large wave (4) decline, which should last into May Lows. Ideally, we should see a wave A March Low, see a B wave April High and a C wave into May Lows. The Fears of spreading of the Corona virus globally will be the fundamental cause of the current and upcoming declines.