E-Wave for the S&P 500 Index

[gdl]

Valuations, spike moves in top heavy market cap stocks. Insane future expectations all on the premise that Inflation is done with. Why the HOUSING market just might disagree. Even Bitcoin gest one more life line surge. Fed lost all creditability and no one believes them. Bond yields ignoring him and stocks give a yawn.
Extreme greed in every category. Extreme enthusiasm with the brokerage analysts. Even the die hard BEAR has thrown the white flag. Rick Ackerman, the most biased bear on the planet has charted a 450 SPX move up from here as a given!

40 years of addiction to disinflation is still here. "I" called the banking debacle two weeks before it occurred based solely on the understanding that all investors were salivating over the discrepancy in short term rates and only lost a trillion dollars so far. This will play out over and over in many segments of the economy as we approach the magical 6% Fed Funds. We either crash at that number or right after. No way this economy can survive at 6% or higher.

I am exceedingly excited. reminds me of the Pandemic announcement and 5 weeks of upside move right after. Or the Transitory inflation announcement by Powell.
Hyperbolic moves with extreme valuations seems to be magically unable to view. Love it! Finally. we are about to see if this time period is the start of the end. i had given the first half of 2023 as the timeline for an upside move. it has hit the upper boundary in time and valuation so i am expecting a short time before we crash. a crash seems more logical given the xtreme enthusiasm.