Possible Short-term Top in the S&P500

27 Eyl 2021

Seeing a rounded top beginning to form after a pretty clean ~40% run over the last year or so. This setup remind me a lot of crude oil short I posted a few weeks ago. I did just post a TSLA long idea which totally contradicts this idea, since TSLA is now tracked in the S&P index. Nevertheless, when I see a clean pattern I want to post it. IF this does play out, would probably see a < 10% correction down to the 200 line in pink before turning around. Still a very bullish investing environment overall given interest rate environment. Emphasis on short-term possible top.