Market Correction

The S&P 500, has now sold off -29.84% from the all time high achieved just a month ago. The sell-off categorizes it in bear market territory. By looking at the chart below of the S&P 500, the support line from the 2018 December low is just a few percentage points lower, to the price of around 230. Let's see if that prior correction low of December 2018 provides support for this market.