Is SPY behaving identically to what happened in November 1973?

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S&P 500 Index (CBOE:SPX)

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CBOE:SPX S&P 500 Index

Trend Analysis Chart Patterns Technical Indicators crash of 1973

trendanalysis chartpattern indicator crash of 1973

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.

Comentário:

Today's price action in the year 2023

snapshot

Comentário:

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

snapshot

Comentário:

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

snapshot

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