SPY (Historical Pattern) Are we at the cusp of a 20% drop?

Hi Everyone,

I am trying to find where in recent "history" have we been in a similar position in terms of ATH's, current market sentiment, and the economic policies in place. 2018 had a massive 20% sell-off attributed towards the Fed increasing the rate, even though the overall performance of companies wasn't bad and exceeded expectations. The charts in 2018 with where we are now doesn't really align. However if we look between November 2019 until now the charts look oddly similar in terms of timing and movements.

If we look at this chart there's a lot of similarities pre 2020 crash which in my opinion was a one-off due to Covid19 news. Again i don't think the sell off will be as severe with the growing exposure to stocks and investing. there's an underlying bullish momentum for investing now that everyone is home and a keyboard warrior.

Love to hear your thoughts and opinions.

Kind regards,

Reg