The drop in 401Ks during 2022 was tied to the S&P 500. This chart is just showing that the drop during that time was really just testing the bottom support of the upward channel. Support was not broken and went on to continue in an overall uptrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.