$spx: probable parabolic trend

If this was a parabolic trend it needs to build a "base 4", ideally in the mid zone towards the next level (c.a 5k) before a blow off top above the channel to complete the parabola. NOTE: it may well NOT BE a parabolic trend and just a compounding market staying in channel for much longer.

This is not a "long here right now"... but a long term bullish context analysis.

NOT financial advise!!!

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note: every white line represents around 54% rise from the previous one!