Oh where is the bottom?

So the big question everyone's asking after this week of major shake up is "when will the pain stop".  Obviously the market is never 100% predictable but I'm going to go ahead and hit the record saying I foresee the S&P falling to 1100 before the election.  Here's why:

Today the S&P traded down to & bounced on a 

previous support 

from 2005.  But there's a much stronger support from 2004 that sits right at the $1100 mark.  Although anything can happen the older 2004 support will more likely be the ultimate basing ground.  

To point out more reason why a short term bear market is not over, one must consider the appearance of a strong falling three candle pattern as seen in Yellow here:

This classic candle pattern is very consistent in foreshadowing a coming bear market.  Don't be surprised if the S&P trades down to and around 1100 for a while before turning bullish, and don't be surprised if this market continues up to the election.