It's getting way overdue for a big drop, and it will happen during the next 3 weeks, probably starting withing a day or tow.
That chart... With U.S. stocks making another run at all-time highs, no one wants to be a short seller https://www.bloomberg.com/news/articles/2019-10-17/no-one-wants-to-short-stocks-on-the-cusp-of-a-potential-breakout … via @markets
“Is it another sign of complacency? Smells like it,” said Yousef Abbasi, global market strategist at INTL FCStone. “The market is being stubbornly optimistic in the face of several headwinds. It does feel dangerous.”
There’s certainly reason for optimism. Evidence that two of the largest market overhangs -- a U.S.-China trade war and Brexit -- could be resolved has pushed U.S. equities within 1% of a record. The S&P 500 added 0.4% as of 11:22 a.m. in New York.
https://www.bloomber...ential-breakout