The price action of the S&P is looking very much like a bubble that is just about to burst. It looks like it's having one last melt up to form that blow off top which normally happens in a bubble. The fact that its been going parabolic and hasn't even had a healthy correction is indicative that we are likely 1-2 months if not weeks away from a crash. Covid cases have been increasing globally and this time it's with the variant that is much more dangerous and spreads more quickly, this is causing many countries to go back into lockdown and it's only a matter of time before the US also goes back into lockdown which could be the last domino that triggers the crash.