Can it get higher? Of course! 'Pumptards' are capable of infinitely irrational behavior. But will it? That is the question, to be or not to be more! IMO not to be more.
Just an idea; the .62 Fibo retrace on this flag is down at 23K for Dow, that's 2K under current price. Would be a pretty penny if it sells to Fibo. Lotta folks calling for a 'crash' but I reckon an 'M' correction is more likely, the 'C' leg on that would be pretty steep, down at 1.62 Fibo brings 30 under 20K. Notice the expanding 'megaphone' corrective structure- ominous, wide open to lower prices. Expect a with a steeper drop on the secondary correction after the 'Christmas Crash.'
Has been trending up for 40 days, as of Groundhog day on Feb 02 (Candlemas!). Timeframe for next leg on correction, based on comps from 1987, 2001 selloffs, is about 80 days from bottom-to-bottom: which puts the next low in late March/early April. Then expect super bully in late April into May before a June swoon. Just guessing.
As always, this isn't even remotely anything like advice, just a crackpot harebrained idea. Trade at your own risk and consult a certified investment advisor please!
In meantime, taking small shorts at every high price; has been profitable- eventually these will pay off when it sells below the TL and doesn't bounce back. GLTA!
NB: The market can remain irrational longer than you can remain solvent. -Attributed to Keynes
"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton
"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett