According to my previous chart, you can see that I called for a distribution zone. I believe this is still in the cards, the activity above 4k lacks volition in my opinion, and I feel we will climb to new highs rather begrudgingly before finally correcting.
I think we will go for the GS price target of 4.8k+, although this chart ends at around 4,750, I believe it may go a bit further than that - this is simply a conservative estimate based on fib and .
This is the last wave since our pump from 1800 - meaning that the top of this _should_ be followed by a larger correction down towards 3k, and maybe even lower into the 2k level. The current longer timeframe channel shows that this is possible, although I know how excited everyone is, with many people saying "it'll never break 3k again." (We'll see about that)
I will be selling at around the 5k level via , taking advantage of the premium, and then shorting big on any extended pump we get.