Here is an interesting analysis of the yearly picture on the SP500. Contrary to shorter timeframes, where the weekly and monthly show that we could have quite a stockmarket correction this year, the yearly picture looks much more bullish.
If we look at the past very long bullmarkets, we can see that there is a strong fractal similarity of the phase 2000-2008 and 1929 to 1945. It seems that this time, the recovery is faster, and the market wants to start the next long bullrun.
If it is similar to back then, we could see a very long bullrun until 2030, where we'd see a 2 year bearmarket interruption, then another 25+ year bullrun.
I know it sounds crazy, but this is just a fractal idea. There is of course not guarantee that it will play out like this.
Other similarities:
1.Widening bollinger band in yearly, like at the beginning of last bullruns.
2. Stoch RSI on overbought, could stay there until end of 2020s, if similar to last pattern.