It seems that at this point, the SPX500 may fall to around TSE:3600 levels. After that, the game will continue in the HKEX:3800-TSE:4100 range. A solid breakout above the TSE:4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below TSE:3600 could mean a bear market in global markets. According to the patterns, this could occur around the turn of 2023 and 2024. Perhaps this will be a time of tension between the US and China.
We will be going to the moon as soon as recession hit's in 2023.
czupryn888
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@tradingpro, I'm not so sure about that. There's a possibility of a second wave of inflation, and tensions between the USA and China could limit economic growth (possible sanctions).