As long as support at 10,816.43 continue to hold we can expect a move closer to the 11,100 - 11.200 area before wave E in the Expanding Diagonal finaly completes. That said my short term indicatores are begining to roll over telling, that a top is close at hand, but we need a break below support at 10,816.43 before calling a short term top.
Looking at the longer term picture (see the weekly chart below)we are clearly overbought and the MACD-Indicator is showing signs of negative divergence telling us, that a long term top is near. We migth need more time trading sideways or sligthly higher, but we are clearly at levels where you don't want to be exposed even harder and should concider selling and move to cash and wait for the oppotunity to go short.
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