Using the Premium Stuff from this site (am on 30 day trial) VPVR which shows Buy/Sell at price for the Range on the chart:
I set this Weekly chart to start from the Low of the 2008 sort-of crash. So all analysis is after that.
I put a large elipse around the zone with most action, which was accumulating etc. until early 2013 after which there hasn't been a substantive correction.
So although on the Daily the first big zone seems 165-70, here ,not surprisingly, it's quite a bit lower. MOre significantly you can put the 170 level in ( ) perspective: yes, there is a bump up there, but NOTHING compared to further down.
If'/when we get a real correction, that's where it will go and also I put up long-term Fib retracement lines and you can see the middle one around 127 (50% is bank is also in the middle of the Zone.
So once the market turns to on (lower lows, lower highs etc.), look to a 140 . at the very least.
I made this a Short Prediction even though am not really predicting anything. But it's not a Neutral Prediction either because I don't see sideways action at this new high level. Not until there has been a decent correction - in this timeframe - and a failure to make solid continuation of uptrend (as happened at 142.21 in April 2012 for example), then we can say, okay, this is trading range = Neutral.
In this at least.
Also: look at that significant Spike in lower Vol histogram around Jul 2011 when this probable next started to form. Nothing since nearly as large. Also when it startedaround Aprll 2010, high too. In each case looks to me like more vol on sell side but anyway...