Massive rising wedge channel from the dotcom bubble. Pair that with a weekly rising wedge and you have the possibility of a double top fake out and collapse. This idea is much more on the speculative side. But the path I drew is my estimation of what will happen. Pair it with the RSI and MACD on the monthly and weekly and you might see why I can see such movements. The market has been fattened. And the bigger they are, the harder they fall.
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