Sure enough, I mentioned this issue a few days ago and it was confirmed quickly. Many friends have asked why the analysis you posted has always been bearish. You haters, the article already explained that a reversal won't happen that quickly; the main players need time to unload their positions.
There is no market that keeps rising without any pullbacks. This wave of upward trend starting from 74,500 should likely lead to new highs, as only new highs can trigger the market's bullish FOMO sentiment, allowing ETF institutions to unload smoothly.
Personally, I predict that the peak of this upward trend will be in the range of 115,000 to 120,000, after which there will be a significant pullback, possibly dropping to the range of 90,000 to 85,000.
