$SPY - This would be worst case scenario and is not likely but it's always a possibility and it's important to have plans for situations like this. I don't know how prepared a lot would be for a 20% drawdown like we got last time so it's always a good thought process as to how you would plan for this or what it would look like. It is a little concerning seeing the same 4 red day candle sell off after we hit a double top resistance area. Different conditions and situations though. I think we have a lot of undervalued stocks too so the downside seems less likely but we do have a lot of overvalue in the market right now that's concentrated in the top. We saw this play out with crypto where a lot were caught off sides and off guard not preparing or having a plan for such a large drawdown. Stocks are better positioned to not be as affected by this but still is a possibility.
