2025 will be apart of a historic collapse, as $SPX is primed to see a multi-year bear market declining 40-60%.

Expect a new high in the upcoming weeks, but that will be a bull trap marking the top of a 16-year rally.

A break below the [W2]/[W4] trendline would confirm such.

$SPY $ES_F $NQ_F $QQQ $NDX