It seems that at this point, the SPX500 may fall to around 
3600 levels. After that, the game will continue in the 
3800-
4100 range. A solid breakout above the 4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below 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.
3600 levels. After that, the game will continue in the 3800-4100 range. A solid breakout above the 4100 levels could lead the price to ATH levels. However, after a long distribution consolidation, a drop below 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.
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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.