Is SPY behaving identically to what happened in November 1973?

٢٠ فبراير ٢٠٢٣

Ok hear me out, I believe that today's price action in the year 2023 is eerily similar to what has happened in November 1973. I am not saying that is what will happen today but I can't shake the feeling that this is what will likely happen.

٢٠ فبراير ٢٠٢٣

ملاحظة

Today's price action in the year 2023

٢٠ فبراير ٢٠٢٣

ملاحظة

After the triangle broke in 1973 a massive 40% drop ensued.

٢٠ فبراير ٢٠٢٣

ملاحظة

The same 40% drop today would take us to the monthly 200sma