There is a chance that SPY could retest that pink line. If that happens then I would think the market will start collapse, then. Timing is extremely difficult, but I believe 2023 will be worst.
Bullish PatternsChart PatternscollapseLONGmarketsrecessionreversalshortSPDR S&P 500 ETF (SPY) Trend AnalysisTesla Motors (TSLA)

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