SPY - dump or bull market is back?

hi traders,

Some months ago, we shared the idea where we explained that SPX will experience a correction:

The targets were reached, and next we saw a decent bounce, which is very well visible on the monthly candle.
Today, I see a lot of excitement about the monthly close, and many people call for a new all-time high soon.

I want to bring to your attention the monthly close in 2000.
It looks very similar to what we got yesterday.
A long, lower-shadow wick resulted in a bearish imbalance characterised by an excess of sellers, exerting downward pressure.
I still can see SPY/SPX retesting 570-580 levels, but it doesn't change the fact that lower levels may be tested in the next few weeks/months.
We got a bearish cross on the monthly time frame, which is not a joke.
If bears take control, I expect SPY to visit 460~ levels and later even lower: 410-408.

Long story short:
1. Short-term bounce may continue.
2. Mid-term - bears will take control, and we will see a bigger correction.

Do you agree? Share your opinion in the comments section