The Dow could continue its correction, testing DOW 32000 points

Technical indicators and chart patterns could be hinting at an oversold rebound. The Dow Jones Industrial Average trendline it's below the IKH A/B Cloud, which continues to confirm the downtrend or the Bearish trend. Thereby the potential sell-off can't be ignored, as the irrational enthusiasm in stock markets and day traders could lead to misguided positioning in markets. There's not an all-clear to stocks, as the Federal Reserve will have to hike probably 50basis points in one FOMC meeting, while also the QT and $9.0 Trillion balance sheet deleveraging have to be implemented, which are not easy financial engineering things to do.
In statistical terms, all indexes will see a normalisation of returns, while borrowing costs will have to be factored in balance sheets and stock prices, but also high inflation.
Money markets interest rate hikes and high inflation haven't been modelled by corporates and stock market banks analysts, which would require consistent repricing and decreases in stock prices.