Looking at a Log Chart of the SPX taking the long term trendline back from 1929 until now we are bumping up right against the upper end. We could probe above the trendline. You are also getting negative bearish divergence on the long term RSI. I see a stronger correction playing out over the next 6-12 months.
STAY CAUTIOUS. Now would be the time to start...
Looking at KWEB or Chinese TECH. Inverse H&S Pattern potentially. On fundamental side if China continues to cut rates and add fiscal stimulus this could potentially break out and run. China is only major country cutting interest rates currently.
