If you check the monthly chart you will see Jan/Feb/March is printing a perfect v reversal, the completion of the up move is very likely to take out all time highs, any moves down now are just pullbacks into this final leg up. The people that control the markets need to get paid and with the size they have there is only one place they can fully liquidate. The market absolutely does not control the fed, sentiment will affect the fed's behaviour but since GFC the market has been the feds bitch and it continues to be. The new all time highs coming in Q2/early Q3 will not be sustained without further stimulus. There will need to be sufficient fear and panic to justify further stimulus to the people hence I don't think the new all time highs coming will hold. There could be a last pump up for the final liquidation either way anyone with anything remotely resembling a tight stop will be liquidated.
Further stimulus wont happen though without higher powers than the government approving it and given what has happened since GFC I don't think they will want it, they would prefer lower asset prices to re-buy. End game for markets is not here yet, people were calling at the time of GFC they have been calling it last 2 years, all of them run over until pay day.
Trump odds are shortening, UK bookies quoting 5/2 and 4/9 hilary. Neither of them can stop the end game but trump would likely speed it up. By end game I am talking about marking down of assets >50%.
GL.
