Here is my incredibly bearish
$SPY chart that does have some weight for sure. This has potential to be a megaphone pattern with a false breakout and if that's the case, we could see sub $200 over the next few years.
If this played out - this would provide a generational buying opportunity as it would be a bullish megaphone pattern.
WARNING: This is my incredibly bearish potential. This is not my base case for the market, but it is something that could happen based on TA.
Please ignore the x axis as I have NO idea how fast or slow it could play out. I drew it based on the structure - not the time.