this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time.
in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic .
German Dax is calling for a correction on monthly/weekly time-frames. Also with the upcoming french and german elections this year, I am expecting weakness/corrections in german dax for the coming weeks.