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!
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Just keeps blasting away!
Wave Analysis

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