Looking at a possible SPY Correction for 2022-2024
It seems to me that we are very euphoric similar to the dotcom bubble (especially with all the vaporware scams of 2021), Basically infinite growth and stock market only go up seems to be the mentality these days.
I saw a shooting star on the month of November which to me is highly bearish but Santa came in and offered some respite although it is looking brief.
I am seeing a rolling top pattern starting to form and I feel that if we do not break clean into the upside it will begin the formation of a real bear market especially with rate hikes expected throughout 2022.
Just my opinion, what do you think?
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