Looking at a macro trend from 2014 (orange) and a current trend (purple). If the current trend breaks, using the macro trend as a short price target. Near-term, expecting retracement to 150 then maybe zig-zag until dropping to macro trend line at 130s?
Near term expecting bull position to be ATH by Dec 17 if this holds. I think it breaks down.. if the debt ceiling and covid concerns rise sharply.