Last week’s correction has further to go before buyers could step in without risking much. A pullback to the green line (x=5422) would trigger a ‘mechanical’ buy, although there are no guarantees we’ll be gifted with such a bargain price.  More interestingly, neither can there be any guarantees that the next big rally will reach the 5881 target shown in the chart. Had the uptrend impaled p=5575 a month ago on the way up, a finishing stroke to 5881 would be more or less asssured. However, price action at p was muffled, and it took fully three weeks before buyers were able to push past it decisively. That is a cautionary sign, even in a bull market that has been as strong and steady as this one.