SPX Planned Formation Update 5/23/22

Right now we are experiencing the early stages of a big breakdown on the SPX
I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart
A break down like this will be disastrous, but not the end of the world
The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to come.

The Aptiv chart shows also a great representation of this within the Fibonacci circle, with a big extension (similar to that on SPX) leading to big downfalls to complete the broadening wedge pattern
I have made charts of this in the past please check them out

Above is the smaller formation VS the larger formation we can see on the Monthly timeframe

Above is the original post