I did a quick wave analysis over the last several decades. If you mark the start of a new motive wave cycle starting on the 2009 low, you get a very nice motive wave cycle. It technically came up a dollar short. However, wave 3 ended with an overshoot. So there may be a touch more left in it, but it looks like it might have reached the end of the road. Will there be a large correction? Is this a an indicator that FAAMG stocks have ended their historic run. Is the bubble going to burst soon, this year, next year? Or maybe it is just a bunch of BS and it will just keep going up.
