This is the US market chart since the Great Depression in 1932. We are hitting the strongest resistance which has never been broken out last 92 years.
Almost all the US economic indicators (GDP growth, Inverted yield, international trade, production, labor market, etc) show that we are close to a recession. Interestingly the market keeps going up and up and attracting more people to put their money in, which reveals a big divergence between the fundamental underlying US economy and the market itself. The gap between what it is and what it shows.
When it happens, the market may shoot off the chart who knows how far it will run up. Some call it "Sucker Rally" based on hype. Many micro and large corps have plummeted already since the crazy rally in 2022 and only mega-cap corps (NVDA, APPL, MSFT, AMZN) are doing greater than ever. This always happens actually. Great do greater, the rest behind their shadow.
My prediction is still the same. We will top and turn around and face the longest recession in 2024, 2025, and 2026. When it does, it will be a financial historical disaster that never be forgotten and It will happen.
