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Correction

SPY 2023 vs 2008 vs 2001 Two green candles doesnt end well

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Correction Updated   
AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis
3
0
trendanalysis
Was looking through SPY on different time frames and noticed that the crashes of 2001 and 2008 also have these two green bars present. Could be a sign of what is to come or I am just seeing things. The bear flag is easier to spot on this time frame and the structure could complete in the 250 area.
Comment:
Looks like the more positive the slope between the two green candles, the steeper the drop. Only two data points but something to consider.

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