$SPX to under $5000?S&P 500SPCFD:SPXbenjihyamI think the market has put in a top here. While everyone is extremely bullish up here, there's already signs that we're rolling over. I know everyone believes Bessent's moves are going to continue to be bullish for the market, but that's not what I see. There are 2 major issues that Bessent is trying to control for: 1. USDJPY - the yen 2. TLT - the bond market The problem is, I think he's trapped here. When he's intervened on the Yen, bonds have dropped. When he's intervened on bonds, the dollar drops. Both USDJPY and TLT are sitting at critical levels, and if there's a policy mistake or unforeseen event over the next week that causes the dollar or bonds to drop (or both), I think we're going to see an extreme move in the market that takes us all the way back to the support level on the chart. Breaking $7300 will be the warning sign. If this were to happen, I think it will happen very quickly (yes, a crash). I'm playing this idea via puts -- if I lose the premium so be it. Let's see if it plays out over the coming weeks.