The bearishness of this chart is obvious. Class A bearish divergence, followed by a class B bearish divergence, with 2 false breakouts over 16000. Impulse is already red. I am short this market from these levels( a bit over extended on the daily) with a stop above the high. I expect at least 14000!
The top in 2007 was very similar to the current top
The top in 2007 was very similar to the current top