Subject: Momentum petering out?
When looking at a 1 year chart of Nasdaq/S&P it seems to me momentum is petering out. The steepness of the slope got constantly lower - until itīs not a slope anymore (now).

Looking at a longer timeframe it seems to resemble the situation end of 2024/beginning of 2025, before the Trump crash. While there is no reason to expect a similar event of this magnitude, I am wondering whether itīs not a sign of "everybody" already being fully invested now - with after some time a change of direction coming (according to Jim starting slowly, with a lot of time before it accelerates downward).

Any comments?