SPX has entered the complacency phase in my opinion.

I believe there is a very strong argument that the SPX has entered in the complacency phase of the Wall Street, "Psychology of a Market cycle". The SPX has been on a 10-year bull-run, and at this point, I really have my doubts with how much longer this can continue. Of course it is being propped up for a variety of things (stock buy-backs, plunge protection team, etc), but market cycles are inevitable, and I believe a bear market/recession may be in the cards sooner then most people think. Do not get complacent and over-confident that this will continue to go up and make higher-high's.

Link to the Wall Street, "Psychology of a Market cycle": ritholtz.com/wp-content/uploads/2010/06/Psychology-of-Market-Cycles.jpg

Moving average guide (All weekly moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red

-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.