After I posted 2 months ago another correction occurred but I suspect that is now likely over. The near target has not changed much and now is at around 1400. You can see there is strong overhead resistance at this point as well as the level of the upper channel line on the weekly chart. I think at about this level there may well be a significant correction as there is still a strong negative reversal in the weekly RSI
Process this through your own approach. Feedback appreciated.