DOWI: Gravity Defying Act -- But Till How Long !!

INDEX:DOWI   DOW Industrials
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Even though most of the world markets have come down by 20% or more but US index remains very close to their life high or near to it !!
It is just a matter of time before SPX500             , DOWI             and Nasdaq all start to go down !!

Could 2016 be that year of 50% fall in US Indexes ??? May be - May be Not
But It is going to get down this year !! Unless FED comes out with an innovative long bazzokaa !!!!
Your chart shows an expanding megaphone which typically has 5 waves. Breakdown seems inevitable and sooner than we think.