Why the SP500 signals recession...

Looking at the SP500 on the weekly view, it is clear to see that there is a downtrend, although I believe this is just the beginning of the drawdown.

We can see that after it reached the high of 4800 in Jan22, it dropped to around 4200 before forming a small series of green candles of recovery. *This is a pattern we have seen multiple times in the past before a market collapse. Please scroll down further*

After this initial 'drop 1' , we enter what I am calling 'drop 2', we have already seen a continued series of red candles which I believe to keep dropping massively - this isn't a hot take by any means, especially with many talking about the UK housing market bubble ready to pop, Putin talking of nuclear weapons, China potentially tipping into a recession from their housing market and finally with us just coming out of Covid.