Stonks Only Go Up

Stonks only go up. The S&P has yet again made new highs, despite very real risk factors geopolitically, socially, and economically, not to mention an election coming up. The move in the S&P was very strong, and it has already hit the Fibonacci extension from the levels anchored on the previous relative high and low. It is difficult, but important, to avoid FOMO here, since a correction will be swift and has a vacuum zone below to cross. Right now, after such a move, the S&P is at least likely to range if not correct to lower levels.