This is a classic ending diagonal with waves making 3-3-3-3-3 all the way to the E-leg ending by making an over throw and the E-leg making a perfect harmonic ABCD pattern. (Could though be drawn with E only being the C-leg. If that's the case we will see the summer passing by with SP ready to be shorted when smart money returns).
I do follow your idea that we are seeing consolidation now like in the 60-70's, but what makes you think that Dow will go that high before returning to a median line around 9.600?
Thank you very much for your longer term chart. Yes the possibility is there for a turn. Let's see if it happens this time around. As another chartist wrote to me... "take care measure move is 1990..." (I would say 1985 using fib, but never the less) I see using different technics that we having a possible turning point here and your chart also showing that possibility.... will it...time will show. Thx for chart!
tradingview.com/v/AXXD6iFu/