If the dot com boom and bust monthly downtrend has any resemblance to this past bull run from march 2020 this is what we could expect in terms of a monthly downtrend and 5 wave structure keep in mind we havent been in a monthly downtrend on SPY since 2008. Again this is not to be taken as investment advice this is just past data that we can use as a blue print on what to watch for and timelines etc. it may only be 80 or 60% correct but anything over 50% is good odds to be looking out for: