It's make or break time in the markets cautions Sven Henrick, technical analyst and lead market strategist for Northman Trader.

His weekly flurry of trendline charts warn that the major indexes have been compressing in rising wedges that increasingly point to a binary outcome: either a massive new leg up that will result in the market making new all time highs, or a bad breadown that could waterfall into a 2008-style correction.

His reams of data increasingly suggest that today's global elevated asset prices are in no way justified by the fundamentals of the underlying world economies. And that someday -- perhaps quite soon -- a reckoning long overdue will occur.

Join the conversation »