chart, page-38

Abu, Tiggles and haspete, thanks for the education. I can really learn a lot on this forum.I really appreciate the work that everyone does.

While I am not concerned about the short term, I am interested in what would prevent the SP dropping back to the level it was at the start of November.
Looking at the chart, this seems quite feasable and I cannot see what prevents this from happening and what the chart would look like if it doesn't happen.
As I said earlier, I am just learning this stuff and looking at the chart it appears to follow a regular pattern that suggests a correction (if that is the right term).
If the volume of buying stays high does this prevent the 'bend' from being too great, before it trends upward again?
I guess I will find out over the next two weeks?