S&P500: Looking at S&P500 From a Different Perspective

Looking at S&P from a different perspective

As we can see from the chart, the price is in a clear bullish trend.
So far the price was developing within a very narrow upward area.
During the upward movement, the price increased by small steps and also by small corrections as I have highlighted in the chart.

In my personal opinion, due to the covid issue, the market still believes in the US economy, and on the other hand, this belief is not so strong.
This makes market players maintain a position from slightly positive to neutral in relation to the growth of the US economy.
We can observe this market behavior from the upper resistance line that worked very well in the past.
We can see a lot of resistance points from the top and also the price looks like it is sliding close to the upper resistance line.

So it will come at a time when the market will believe that everything is overpriced.

The question now is ... Did that moment come?
As I see it, perhaps the market is not yet ready for that big downturn.

Despite the slowdown in the US economy, this will not be reflected so quickly.
Meanwhile, we may be in a situation where the price has made a deep correction as in September-20.
Many traders may disagree with the pattern forecast I am actually making for another uptrend.
From the technical perspective, we should not anticipate the patterns but this is in line with my overall idea.

However, this is my personal perspective on observing the US economy.

Thank you and Good Luck!