As all are in sheer euphoria and waiting for higher all time highs after Trmp election , the market is currently warning those who can listen of upcoming correction , and it might reach deep this time .

This is not about technical analysis textbook patterns and there is much more on this chart than what meets the eye as I tried to simplify it as much as possible.

Bear in mind also the particular context where we are amidst extreme greed in the stockmaket while we are at the all time highs as the fed is about to make its rate decision .

If you are an investor I hope you got my point of NO BUYING RIGHT NOW as it not the time at all so simply wait .

This can even be the opportune time for looking for shorts instead , after a bearish reaction from Interest Rate decision . On the other hand ,closing above 20900 will invalidate the short idea and postpone the correction for later .

In closing wish to leave you with this quote from Warren Buffet :
"I will tell you how to become rich .Close the doors .BE FEARFUL WHEN OTHERS ARE GREEDY .Be greedy when others are fearful. "
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