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Spy500: Elliot wave. Zoom out. Bigger correction incoming

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
knee000  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Wave Analysis Elliott Wave elliotwaveanalysis SPDR S&P 500 ETF (SPY) marketstructure marketmaker bearmarket
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Studied Elliot wave theory only for about 2 years. Any input appreciated.

Is anyone seeing this?
IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming.

If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear market. In which case, further pain must happen and spy could go as low as 215.
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