Currently on Bar 20, Previous Cycle run made it to Bar 17 before the momentum stalled and the "chop" began. Nearing the upper channel line dating back some 10+ years. Bullishness off the charts, with extreme overbought readings. Potentially the W5, but yet to be determined. Also can be helpful to examine the 30 stocks in the index to see which ones are providing the most "boost". From what I understand, two stocks last week created all of the upside in the index = loss of broad participation.
