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:
From Tokyo To New York, Stock Markets Are Hitting Unprecedented Highs:
Report
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Stock markets worldwide are reaching record-breaking highs. This
unprecedented rally, spanning from Tokyo to New York, has seen 14 of the
world's 20 larg...
2 hours ago