S&P 500 Index
Short
Updated

Summit Reached

Uncertainty... exhausted markets... yet we share a buy anything, up only mentality. The "everything bubble" has reached the peak of a 10 year ascent. The past seventeen months has seen humanity locked down, and in the United States, spectators have seen the most aggressive over leveraged v-shaped RALLY in history.

Participants... Apes, WSBers, Crypto hodlers, NFT artists... have been rewarded handsomely, and are celebrating UNREALIZED profits.

"Chair Powell" has been our SHERPA and investor's intuition has drifted into a slumber to the sound of the printer's BRRRRRRRRRRRRRRR

We've ridden the fed's coattails to the summit. Many are sound asleep, dreaming of lambos, fancy watches, new girlfriends, rock jpegs, and newly purchased homes worth millions ...

Soon they will wake to realize the DESCENT has begun and they have been left behind
Note
Originally posted in AUGUST 2021, it is incredible how this SPX fractal has played out so far. Hit play 😉

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