SPY Analysis and Prediction using VIX comparison

As we saw today for the first time in a while, a long-overdue increase in VIX (up 7.24% on the day) and a red day for SPY (-1.19%, down -$3.90) the question is now what will happen? In my opinion, as you can see on the chart - once VIX starts to correct and gain momentum and move upwards, due to the countercyclical relationship VIX has with the S&P500, in my opinion, will create the long-overdue correction on this overstretched, bubbled in market. The "W" shape confirmation right below the blue horizontal line I placed shows the last time VIX was low and once it confirmed with the W shape upwards you can see the devasting impact it had on the price of SPY and the market itself. I believe VIX has begun and will continue to move upwards while SPY will correct and could potentially see some serious price reduction. Throw in the collapse of big tech companies (were mostly all extremely overvalued for the current state of our country and life itself) I think this correction was overdue and that investors need to tread cautiously. I have marked my price target zone with the rectangle on the right side using the past history of SPY and its movement for further explanation.