Personally, I'm with the red count here and reckon that this index (and equities generally) are due a decent correction in this uptrend. As always, there are alternatives so I have included a blue count which a little more bullish. Of course, picking tops, even interim ones, has been a fools errand in this current market so a third option is that it just keeps steaming higher!
Note
Just keeps blasting away!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.