Over time, probably yes. Between now & then, I’m still open to the potential for a substantial rally, especially if commodities continue to move lower or, at the very least, trade around current levels for a while, especially oil & gas, as that should alter the expected trajectory of future rate hikes.

Should the buyers start to step in & aggressively start buying up commodities & send them back up towards the recent highs then that would be a continued headwind of equities & leave the Fed no choice but to stay hawkish.

Sure. Here are the zoomed in views of my weekly charts of SPY, QQQ, & IWM with targets.

And daily chart. Sorry for busy chart.