Trends shall remain irrational longer than you can remain solvent, the is incessantly printing away your purchasing power which means there's more money to pump your stonks, and trends, namely the centuries-long bull trend, have been so permanent in the legacy markets that bears are either cocky and un-informed, or they've lost the majority of their market shirt already.
Linked below as the related idea is my thesis on the upcoming economic recession which won't show up much on the index charts.
However, sometimes speculative hedges are necessary and as we head into the holiday season, the consumerist mania increases as does the mental illness and the $soy.
Utilizing some deep proprietary magic with the 1.618 fib as a confluence tool for surgical position leveling, I have marked all the levels and level clusters otherwise I've deemed important, giving us a nice picture of the market field ahead of us.
Looking for an extreme blowoff top for the best possible risk/reward, earlier entries are also acceptable, but the stop leveling is very important.
Sketched out with the pen tool is how I would see it breaking down into the levels below.
A hedge is just a hedge, and betting big counter-trend is one of the riskiest things you can do.
Stay safe out there, keep your people safe, and dodge the $soy.