50-60% Crash Incoming for S&P 500 Index (SPX)

The monthly timeframe gives it away...
The S&P 500 Index (SPX) is preparing for a mayor crash.

I went back and looked at all the corrections for the past 20+ years, since the year 2000.

We used to have long corrections in the past as it happened from March 2000 until October 2002.
In this period, we saw a 50% decline (-50.50%) on the SPX. This correction lasted a total of 944 days.

The next strong correction happened after just 5 years and it went on for ~58% (A -57.69% drop).
This correction lasted 490 days from October 2007 until March 2009.

After this two corrections, starting in early 2000 and later in late 2007, we only had small retraces until the Covid product launch in March 2020, this time too the SPX corrected by 35% (A -35.41% drop to be exact) but this latest 28 days only from February until March 2020.

S&P 500 Index Chart Analysis
We believe a new correction style 2000/2008 is about to take form. The monthly chart gives it away.

We have a very strong and multiple years long bearish divergence with the RSI.

The SPX is breaking below EMA10 for the first time since March 2020.
Once EMA10 is confirmed broken as support, everything can crash.

The main/first target is set at EMA100 or 2874.
Followed by ~1800 for a potential bottom.

You can find additional details on the chart.

Thank you for reading.

Namaste.