Minor Wave 5 of Intermediate Wave III of Major III of Primary III seems under way. Wave III is the strongest wave of a 5-wave impulse. I expect Minor Wave 5 to make a new ATH. Similarly, the eventual INT V, Major V, and Primary V will all make all time highs. This thing has a lot higher to go before the Primary V finishes and a bear market ensures. Disclaimer: All wave degrees are subject to change (for example, the primary waves may be cycle waves instead. Regardless, there are quite a few Wave Vs of various degrees still in the works.
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Minor 1 was 4425 points. Minor 5 = Minor 1 would give 12701+4425 = 17126 price target for Minor 5. The coming Wave IV then V series will make the market quite choppy.