PRIMARY ANALYSISFrom the 1995 low to the current high, the magnitude of the swing is 1594.17 units
From 2020 crash low to current high has magnitude 618.59 units
The two swings have a ratio 1 : 2.618 between them which makes the convergent point (current high) a nodal point.
Analyzing with the cycle ranges, from 1995 to the low on 11/01/2016 has a magnitude 1089.57 units.
From the 2016 low to current high forms a swing magnitude 784.07 units
The cycle structure forms a root 2 growth spiral
784.07 * 1.4142 = 1108.73 units
1108.73 * 1.4142 = 1567.97 units
The variation here is with 1594.17 being 26.2 units more from 1567.97
1089.57 is 19.16 units short of the ideal 1108.73
If we rationalize then, 19.16 and 26.2 have a geometric mean = 22.41 units
1089.57 + 22.41 = 1111.41 units
The first smallest Cycle completed a 395 units wave which is 50% of 784.07 units
So we have a series:
395 - 784.07 - 1111.41 - 1567.97 units spiral
The current top is a strong resistance point for a wide correction.
Stop loss should be reasonably set above the current high
Good luck