It's up to the fed.

SP:SPX   S&P 500 Index
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Higher time frames is the easier tell. Both 2001 and 2009 tells us SPX is headed down. This "should' have occurred again in 2015 but QE3 prevented a similar "natural" fall toward the mean.

Will there be QE4 and lift us up higher away from the mean or will it correct this time around.

Time will tell.
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