Let me start off by saying that the sprite work for this game is some of the strongest this week. It encapsulates that classical arcade style in my opinion, with great attack animations and variety. However, the lack of combos seemed off to me, such as only having one crouch attack and no jumping attacks. There were some issues to be had, that's for sure, such as player two having their horizontal movements reversed for some reason, as well as ducking not serving a purpose. There were a few other bugs that have been highlighted in other comments, but these were the ones that stood out the most to me.
Overall, I find this game to be not exactly on par with the classics of old, but it is getting there. With a bit of polish, and a bit of "juicing", this could develop into a proper game.