In the charts below it has been observed that structures between November 1, 2022 and February 22, 2023 appear to be similar to what was developed between July 11, 2008 and September 5, 2008. Although, this comparison alone does not confirm a decline is expected, it does provide a framework to conduct structural calculations showing an upcoming decline to 25,777. This would be a 22.2% decline.
Stock chart courtesy of StockCharts.com.
