About a week ago, I was saying that both the eMini and YM will pullback and shoot up again. That's exactly what it's done. I don't think the top is in yet. We may get some trading range behavior for a while before a correction sets in.
The government has the power through the Fed to devalue the dollar as much as they want. It's up to the ruling elites whether the ES crashes or not. At this point I believe more in ES 50000 than I do ES 500. However, at ES 50000, a dozen eggs will probably cost 200 dollars.