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today is the 16th of may 2022 my name is david hickson and in todayamp;#39;s market update weamp;#39;re going to be taking a look at several markets that are all forming troughs at the moment however they are all also in a fairly bearish situation before we take a look at those markets i must ask you to make sure that you have read and understood these disclaimers letamp;#39;s start with a quick look at the s p 500 and i have zoomed out a little bit here so that you can see the big trough here in march of 2020 the trough that i sometimes refer to as the pandemic trough because there is the possibility that some of the anxiety that was sweeping around the world at the time caused a distorted trough at that time however you will see that this analysis positions the really big 54 month or in this case the nine year cycle trough at that position as you might know if youamp;#39;ve watched several of these market update videos i donamp;#39;t worry too much about the exact details of the