A Slow Painful Death for SPY

Connecting some trend lines progressively, a potential mapping of retraction is laid out for the S&P 500.

Being forced to have SOME consequences for the actions taken last year, but also recognizing a full-on crash is being avoided at all costs, even manipulation, we can see a slow painful path to the 3500s being laid down before us.

Obviously subject to change, but seems to make sense and fall in line with most predictions regarding the matter.

-FIB