This is an analysis of the S&P 500 index on a daily chart, as of September 4, 2025. The index is currently at its all-time high of 6502.09. The analyst points out several price gaps marked in green lines on the chart, and says 90% of these gaps will eventually be filled. The analyst claims that the S&P 500 index will at some point drop below its current level. The analyst suggests taking profits now and avoid buying and holding, because a significant drop to 6000 is possible this year, before potentially resuming an upward trajectory.