SPX - The REAL bubble cometh.
Why is the market so quiet? Because it's about to splode all over. We have been in a bull channel since 1939. Only twice did we reach the top of the channel. The second time was the all time high. We did not touch the channel and run away. We spent months above it, invalidating it. Now we have a pull back, and now we have a massive run coming to shatter the old channel. I have deleted that channel, it is no longer the narrative. The peak of this blow off will solidify a new long term narrative. And due to the volume getting terribly thin as we approach these levels, it is highly suggestive this will be the top for a very very very long time. I see a 60% drop after another 1.5 years of institutional dumping.
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