The formation on the S&P 500 weekly chart looks similar to 2022. In the last week of Dec 2021, $SPX moved to a new high, then peaked the following week in the 1st week of Jan 2022.
2 weeks of new highs, then a reversal. The upper channel could be reached
https://x.com/ChartingProdigy/status/1838238390699041231
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