This year has been no joke for the US stock market.
Of the 24 weekly candles that make up this year's chart on the S&P 500 (SPX), only 7 have finished bullish. The Dow jones Industrial Average (US30) and the Nasdaq Composite (NAS100), the US’s 2 other major indices, have followed similarly in 2022. We have not seen drastic falls like this in quite some time. Even with the sharp decline experienced during the beginning stages of the pandemic in 2020, it did not last as long as its current state of decline.
