This chart shows pretty clearly the bearish RSI divergence of the SPX and how it causes the market to plummet. The dot com crash was the first example I show on here, which then is followed by the covid crash which was really just a necessary correction given the broken technicals of this market (as shown by the divergence). The most damning part of this chart is that between the two crashes, and at our new ATHs, we can see there is bearish divergence that was never fixed as of the dot com crash... This longterm rsi divergence will need a ridiculous surge of buying in order to invalidate this set up, and I struggle to find that possible given current exhaustion and remaining euphoria. This is a warning! Get out of the U.S. stock market and hope bitcoin or something can hedge against it, otherwise the global economy is toast. This is the 3 month chart or quarterly chart.
I give this crash less than 1 year to happen though.