S&P500 Index

Looking at the pattern and trendlines, it appears like SP500 might push up to 4100 levels creating a Fake breakout between 4070-4100 levels before pushing down again to 3693 level. If support at 3693 is retested then there is a high probability that the market can push down even below to 3200 levels followed by 2900 levels as highlighted in the chart. Again these patterns could occur well into 2023 around Mar-Apr 2023 timeframe.