Since the ATH in october last year, I believe we have been in an ABC correction, and we are currently on wave B.
Now within this wave B, which started around may this year, we started off with a move up.
It looks like we are currently on an extended wave C and have a little more to go before back down, but would not invest LONG TERM at all here. We might even go past the ATH , but its too risky in this market IMO (unless you day trade)
good luck all