The current situation is probably close to Oct07, May10 or July11.
What is probable is after this rally is done (either now or in 5 weeks), there will probably be a 20% correction.
The question is whether the resistance line will retain at 2060 or whether SPX is going to reach out to the bold blue line (which is too high anyway)
Year end rally: i would have thought no... the next few weeks will be interesting if breakout or crash and unintersting if flat at the top. Let's see
What is probable is after this rally is done (either now or in 5 weeks), there will probably be a 20% correction.
The question is whether the resistance line will retain at 2060 or whether SPX is going to reach out to the bold blue line (which is too high anyway)
Year end rally: i would have thought no... the next few weeks will be interesting if breakout or crash and unintersting if flat at the top. Let's see