could there be bull towards all time high

it's been long time after SP500 stock reached its all time high. Based on last couple of weeks chart there is might be hidden bearish after hit resistance beginning of the November.

Scenario 1. 'market bubble, down trend' due to conflict between China's offensive toward Taiwan could escalate downwards trend. This could continue until mid February. (China and Taiwan tensions, Evergrande house market bubble)

Scenario 2. Head and Shoulder; after market reaches all time it forms head if you see it on my analysis, which market will correct its price towards right shoulder. further trend up and down until political activity comes up

scenario 3. Up trend until it hit something... such as fed coin,


Don’t take this as financial advice