If you look at previous run up you can observe that it begins around 2003 with a no clear trend, but in the following years it tooks the shape of a . The of this pattern expande, with both slanted in an upward direction. As the strength of the buyers weakens (exhibited by their inability to take the price higher), the sellers start to gain momentum. The pattern is complete, with the sellers taking control of the security, when the price falls below the supporting . Normally this pattern resolves at the base of the , and also in this case the solution is that. A new inversion phase happens at the base taking the shape of a reverse pattern. Now the story is repeating itself. We are in an upward move with a . Again, the price movement is bounded by the two converging . As the price moves towards the apex of the pattern, momentum is weakening. A move below the lower support would be viewed by traders as a reversal in the upward trend. I think that we have still room for the uptrend for about 1 year, but at some point ( it could be the 1.61 fib extension) the pattern will begin his correction, pointing as usual at the base of the . An uptrend can't last forever, so this is my general point of view standing at the analysis of similiar moves in this index. Good luck to all the investors.