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SPX melt-up top come May2022 based on 2018 megaphone projection

SPX seems to be making 2 megaphone patterns…the green one for the consolidation & the violet one is for the melt-up top middle of May 2022. The violet megaphone was drawn only after 24 Jan2022 bottom reversal when SPX made a lower low.
Sorry the early portion of the fractal did not fit well in terms of timing but I still include it to note that the price action is somewhat similar. ( a low & a lower low before reversal) The short term bottom is most probably in for now. A big correction may start second half of 2022. BTC may follow as it is more positively correlated to risk assets than gold.
Sorry I have to adjust the fractal size of my previous megaphone projection to touch my impt channels & trend lines that were recently added.
After doing that, I projected that SPX may make the final melt-up top middle of May, 91 daily candle bars from Jan 4 top. I based the fractal on the 2018 to 2020 megaphone pattern, which from first SPX top to the melt-up top before March drop, was almost 4x longer. I have to adjust the size of fractal to fit updated trend lines & megaphone lines, although not so perfectly.
The final top may be somewhere in the 5300 to 5600 zone.
I do this just for fun so please dont take this “prediction” seriously. For sure 2022 will be very volatile & a big correction is overdue after a big run in 2020 & 2021. Also the rate hike uncertainties will rattle the market just like Powell did in 2018 & 2019. Many will be shaken out due to FUD & FOMO so proceed with caution.


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