In the great crisis between 1929 and 1933, Dow Jones first fell 48% in the 2-month period, after 50% fib level of the decline was recovered with wedge rising in 5 months, the wedge breaks and the decline reaches 90% from peak to bottom in 3 years.

This time is also very similar to the previous 39% decrease in 1.5 months, 50% fib recovery with wedge rising, more likely to decrease.

S&P is also recovering the gold rate of the decline and seems to have been rejected for the time being.

The pandemic started to take effect in mid-March, despite the first quarter of the USA - shrank 4.8%, 30 million unemployed in 6 weeks.

It will be much worse due to the intense effects of the 2nd quarter pandemic.

If the stock markets see new bottoms with the 2nd wave, they will pull down all the instruments. Stock exchanges have done 6x in the last 12 years, so they can not tear by 30-39% decrease in a few months.

The only thing that has very similarities between the two periods is the FED's abnormal intervention. However, despite all the negative news, exchanges cannot continue to rise.

Because of the legal problems of Tether, stay in fiat exchanges can be safer way while waiting expecting a crash.