Technical analysis by thecardiak about Symbol SPYX: Sell recommendation (1/15/2024)

The overlaid fractal is from the SPX 2000 and 2008 double top pattern. Evergrande bankruptcy extension ends in less then 10 days the bond holders will either accept equity shares in that bankrupt company or evergrande will face court ordered liquidation. That will be the first domino, followed by regional banking crisis 2.0 as the backstop fund is nearly depleted.