Macro TA on SPY (Just Prediction)

This is just my prediction on macro trend on SP500 . I could be totally wrong.

Comment:

Just for the reference. SP500 in 2008 might be similar to 2022 but not quite the same. The wave B in 2008 retraced 50%. In 2022, we have a diagonal on wave A and think wave B could retrace 61.8% which is $4500.

The correction in 2022 would take quite longer.

Comment:

As you can see in 2022, we have wave (A) quite large about over 5 months with 5 waves down. If we had a bear market rally top at $4320 wave (B) which was short and tiny comparing to wave (A).

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This could be the fate of SP500. Everything is just lined up if $3823 is bottom from here.

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Chart above is invalid. Seems like we are going to downside from here.

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Not sure if this is an expanding ending diagonal. If it does, we need to hold $3733. If it breaks, we are going to see $3460.

Comment:

If ES holds at $3733