SPX and Money Stock: A smaller bear rally inside a bigger one?

SPX chart adjusted to cash availability (money stock M2 ) and to the last known M2 value around 19,000 BN $

This shows the exact value of SPX at each point in time if the availability of money were the same as today.

Could this bubble last forever?

As we can see, the old Highs we think we are achieving don't stop to climb.