Crazy thought on the long term structure. While the news of "frenzy" is everywhere (GME and the likes...) the market may continue to be irrational for a lot longer. Look at the Fib levels that perfectly match with key turning points. If this were true, we could go all the way till 430 SPY before taking a breather. Not too unrealistic given that just means ~10-15% more. But it could take years to play out... are you holding your breath (with a bunch of cash sitting on sidelines)?