When the froth settles17 Jun 2024 14:49
IMO the chart is abnormal and artificially held by frenzy and excitement.
When the atmosphere becomes "boring" and nothing is left to tell, the SP will start its downward retrace.
When will this happen ? When those who inflated it with nice stories, will start releasing a bit of doom and gloom on its "risks". They are the win/win masters who were cashing in while taking the sp up, then cashing in again when shorting it all the way down.
So I don't believe in perpendicular charts.