Anyway, getting back to things - the technicals are reflecting...

Anyway, getting back to things - the technicals are reflecting how historic the fundamental implications of Helicopter Ben's Paper Pestilence is.

The weekly RSI and momentum indicators have turned back up at their highest levels since this bull market began at the start of the decade. This has happened only once before, at the start of the run to the 2008 top (and although my chart doesn't have fine enough resolution to show it, this time it's turning up at a slightly higher level).

Before the Helicopter Drop, I expected things would retreat back to neutral. IMO, we are now likely to take a trip to the top of the channel on the chart below. This may take several months, but given the gradient of the channel, the longer it takes to get to the channel top, the higher the price objective.