Gigantic cup&handle on the S&P

[Port1385]

I have read through many threads and no one has mentioned that the S&P appears to be one gigantic cup&handle on the charts. Look at the S&P from the maximum view extending out 50 years. You have a high in 2000 and another high in 2007 with a really quick pullback and 1/3 retracement.

Does anyone here believe that this is just a classic cup&handle pattern?

 

[Trader273]

Why not post a chart with this type of post?

 

[Mercor]

I always thought a cup and handle reqiured a rounding saucer.

Your chart looks more like a "V" move