This is a chart originally highlighted on Stocktwits.com, the rising wedge on the S and P 500 with eerie parallels to 2000 and 2008. What is worth noting here is the current rising wedge is much bigger than that observed in 2000 or 2008. The consequences could be severe as and when the break occurs and could trigger a major bear market:

The “Godzilla El Niño” That Has Now Begun Could Do Trillions Of Dollars Of
Damage To The Global Economy
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A very intense El Niño has formed in the equatorial waters of the Pacific
Ocean much earlier than originally anticipated, and we are being warned
that it...
7 hours ago

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