The SP 500 has shown a very strong bullish trend after the market crash at the beginning of the pandemic. The growth rate of the index was almost 120 percent! Which is quite a lot with its pricing policy. The index is now forming a double top at a fairly high resistance level. Based on which we will most likely see at least a deep correction. The market is heavily overbought and there are fears of loss of stability associated with a new wave of the pandemic and new covid strains. The probability of falling is very high !!!