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$SPX
The reason I drew this chart was actually a flawed technical analysis I saw on Seeking Alpha
When you look closely at the chart, here’s what you see:
There is a massive neckline stretching back to 1929.
The 2000, 2008, and 2021 peaks tested this line over and over…
And as of today, that neckline has been clearly broken.
This is not an ordinary technical breakout.
And the reason isn’t an ordinary cycle either.
The reason: the AI revolution
This won’t look exactly like anything we’ve seen in the past.
This isn’t a QE or liquidity rally.
With this breakout, a brand-new window is opening,
and a brand-new story is starting to be written.
That’s why this is no longer the time to focus on:
Daily noise,
Short-term fears,
Or the reflex of it pulled back a bit, let me sell.
This is not the time to think short term. It’s time to read the big picture
The story is just beginning