For 100 years any time the Spx/stock market gets above this upper channel we peaked both times correcting all the way back to the bottom line the 1st time was the Great Depression, the second was the 2000 dot com bubble. So we may go higher for the short term but eventually there will be a crash down to that bottom line
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.