Fundamentally, if this chart actually looks like a sign of a booming economy then look at the smaller corporations. If we were truly in a healthy wave 3, you'd expect broad participation, rising small caps, strong internals, expanding breadth. Instead, the concentration in mega-caps is behaving exactly like 5th wave exhaustion, narrow leadership, deteriorating breadth, retail Fear Of Missing Out (FOMO) driving the final push.
From an Elliott Wave perspective this once again appears to be completing. The rally from the March 2026 low can theoretically counted as a completed or nearly completed 5-wave impulse pattern. The structure is mature and appears to be nearing its end, requiring just one more push to all-time highs. Heavy RSI divergence, where price makes new highs but momentum does not, is confirming that this rally is ripe for a correction.
This is just something I wonder about, but could it be that those wealthy sexual predators, can afford to maintain these gains in order to keep the republicans in office in exchange for their protection? Or are these prices due to the generous tax breaks afforded by the republican administration? Maybe both. Either way I don't see this market continuing, do you?







