The fundamentals are shit, but as we've seen, this market rallies on news and zero volume.
I assume the longer the market goes without crashing, the more $$ the fomo crowd puts in, the higher the likelihood of a blow off top (yellow route), or at least a bull trap (blue route).
The red shows the route it should take, considering all the once-in-a-generation anomalies happening simultaneously.
If the market proceeds to blow off, look to the bond market, to gauge what is really going on. I'd assume the higher the top goes, the lower the yields go, with people trying to hedge their exposure.
I assume the longer the market goes without crashing, the more $$ the fomo crowd puts in, the higher the likelihood of a blow off top (yellow route), or at least a bull trap (blue route).
The red shows the route it should take, considering all the once-in-a-generation anomalies happening simultaneously.
If the market proceeds to blow off, look to the bond market, to gauge what is really going on. I'd assume the higher the top goes, the lower the yields go, with people trying to hedge their exposure.
