I'm hoping I'm counting this wrong lol but if this is indeed the end of wave 3 for the S&P cycle, there's a huge potential downside move as the market enters the corrective wave 4. The market fundamentals are still bullish and there's nothing suggesting we're in for a downturn just yet, but it's an interesting observation.
As always will be keeping a close eye on the chart.
As always will be keeping a close eye on the chart.