T.A. for S&P500 Thurs:The Dow dropped 1,861 pts while the S&P dropped 188 pts to close @3002, in one day, today. Many expected the downtrend from this wk to continue today but the enormity of it was surprising, & a reminder that algos & bots can still provide volatility. Media blamed this on Powell's somber view of the recovery & on resurgence of Covid19, as they try to explain moves based upon news. S&P has gaps below, @ 2960 & @ 2870, of which thd higher one should fill but the lower one may or may not fill, as the hourly indicators are very oversold while the dailies have room to get more oversold. The huge drop today left a gap above @ 3,185which may get filled in a few wks if the bull mkt reasserts itself. Parabolic SAR turned negative, rising above index, to 3233.Daily stochastic is decidedly negative at 66, crossed down & declining sharply. Swingtradebot rating remains B but ST trend is now Down.